Hungarian Central Bank Maintains Interest Rate Amid Inflation Concerns

The Hungarian Central Bank has announced that it will keep its benchmark interest rate steady at 6.5%, continuing its tight monetary policy to ensure financial market stability and aim for a sustainable 3% CPI target. According to PANews, despite uncertainties in the inflation outlook, the central bank will cautiously evaluate interest rate decisions at each meeting based on data. Hungarian Central Bank Governor Varga mentioned that Hungary might consider increasing the proportion of gold in its central bank reserves. He noted that the appreciation of the forint helps limit the rise in import prices.