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The Monetary Council of the National Bank of Hungary (NBH) left the central bank base rate and overnight deposit rate unchanged at 0.90% and -0.05%, respectively, at a monthly policy meeting.
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Hungary’s first-quarter GDP grew by an annual 5.3%, the Central Statistical Office (KSH) said in a first reading of data.
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The rate of consumer price inflation in Hungary accelerated to 3.9% in April from 3.7% in the previous month, the Central Statistical Office (KSH) said.
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The European Commission raised its projection for Hungary’s GDP growth this year to 3.7% from 3.4% in its latest quarterly forecast.
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Takarékbank, the new universal commercial bank of Hungary’s integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungary’s 19 counties as well as the capital.
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The central bank’s Monetary Council kept the bank’s key rate on hold at 0.90% at a monthly policy meeting.
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