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Experts did not expect interest rate conditions to change, so the MNB surprised almost no one by leaving the base interest rate at 0.6% and the two sides of the interest rate corridor at minus 0.05% and 1.85 %.
At three in the afternoon of the decision comes the usual announcement from the central bank and the main figures of the quarterly economic forecast. The entire MNB leadership will also hold an online press conference with Governor György Matolcsy and the Lieutenant Governors starting at 3pm.
According to experts, Thursday’s week-long deposit bidding may be more important than today’s interest rate decision meeting, as it is currently the dominant instrument, so if the central bank wants to relax monetary conditions, can do it.
Cover image: Getty Images
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