BUDAPEST, March 28 (Reuters) - Inflation in Hungary will
ease slowly in the coming months before declining substantially
in the second half of the year, central bank Deputy Governor
Barnabas Virag said on Tuesday after the bank kept its base
interest rate unchanged at 13%.
Virag said after the decision that disciplined monetary and
fiscal policy was needed to tackle inflation, which has soared
to above 25%. He added the bank needed to maintain its 18%
one-day deposit rate.
(Reporting by Gergely Szakacs and Krisztina Than, writing by
Jason Hovet)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.