(Reporting by Krisztina Than)
BUDAPEST, April 19 (Reuters) - Hungary's central bank
could decide to narrow its interest rate corridor next week as
part of a "multi-step process" towards policy normalization,
with inflation on a declining path, the bank's deputy governor
Barnabas Virag said on Wednesday.
Virag told business website vg.hu in an interview that the
bank could decide on "a more significant narrowing" of the upper
end of the corridor at next week's meeting of the Monetary
Council.
The National Bank of Hungary raised its overnight
collateralised loan rate, the top of the corridor, to 25% from
15.5% in October and launched a new one-day deposit with an 18%
interest rate to stabilise the forint.
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