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The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting on Tuesday.
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The National Bank of Hungary (NBH) and the Hungarian Banking Association have reached an agreement that will make banking costs simpler, more transparent and cheaper, Mihaly Varga, the central bank governor, said in a statement.
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New measures announced by the government will give Hungary the "most comprehensive" tax system supporting children and employment in Europe and possibly the world, Gergely Gulyas, the head of the Prime Minister's Office, said at a weekly press briefing.
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Hungary's cash flow-based general government deficit reached HUF 1,722.8bn at the end of February, the National Economy Ministry confirmed in a detailed release of data.
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The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
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The European Commission has already taken Hungary to the European Court of Justice (ECJ) over its sovereignty protection law, but further consequences over the legislation may follow, Népszava reports.
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