Rates in Hungary to stay at current level for prolonged time, c.bank says

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, Feb 28 (Reuters) - It is necessary to maintain the current level of the Hungarian base rate over a prolonged period, the country's central bank said in a statement after it left its base rate unchanged at 13% on Tuesday, as expected. It also said tight monetary conditions contribute to avoiding second-round inflationary effects and anchoring inflation expectations.
(Reporting by Gergely Szakacs and Jason Hovet; Writing by Anna Wlodarczak-Semczuk)

Messaging: anna.wlodarczak.thomsonreuters.com@reuters.net))
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