{"id":22669,"date":"2011-07-27T04:01:00","date_gmt":"2011-07-27T08:01:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=d4534308ef9b1c701824c237ad549725"},"modified":"2011-07-27T04:01:00","modified_gmt":"2011-07-27T08:01:00","slug":"magyar-nemzeti-bank-holds-interest-rate-at-6-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/27\/magyar-nemzeti-bank-holds-interest-rate-at-6-00\/","title":{"rendered":"Magyar Nemzeti Bank Holds Interest Rate at 6.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.mnb.hu\/\" style=\"color: #3778cd; text-decoration: none;\">Magyar Nemzeti Bank<\/a>&nbsp;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">maintained its benchmark base rate steady at 6.00% as inflation drifted down towards its target. &nbsp;The Bank said: &#8220;In the Council&#8217;s judgement, the Hungarian economy is likely to continue to pick up slowly over the next two years; however, the level of output will remain below its potential throughout the period. &nbsp;Domestic demand is expected to recover only gradually. &nbsp;Consequently, inflation may fall back to 3% by the end of 2012 even without policy tightening, despite the cost shocks hitting the economy.&#8221;<\/span><\/span><br \/><a name='more'><\/a><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/>Previously the Bank also <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/hungary-central-bank-holds-interest.html\">held the&nbsp;interest rate<\/a>&nbsp;at 6.00% during its June meeting, after raising it 25 basis points in January this year. &nbsp;Hungary reported annual inflation of 3.5% in June, down slightly from 3.9% in May, and 4.7% in April.&nbsp; Hungary&#8217;s Central Bank has a medium term&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/p\/inflation-targets.html\" style=\"color: #3778cd; text-decoration: none;\">inflation target<\/a>&nbsp;of 3%. &nbsp;The Hungarian economy grew at an annual rate of 2.4% in the march quarter, faster than the 1.9% growth recorded in the December quarter last year.<\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> <br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-5879488075434516519?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Magyar Nemzeti Bank&nbsp;maintained its benchmark base rate steady at 6.00% as inflation drifted down towards its target. &nbsp;The Bank said: &#8220;In the Council&#8217;s judgement, the Hungarian economy is likely to continue to pick up slowly over the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22669","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22669"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22669\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}