(Source: Central Bank of Hungary) 23 June 2015 At its meeting on 23 June 2015, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 15 basis points from 1.65% to 1.50%, with effect from 24 June 2015. THE MONETARY COUNCIL'S STATEMENT ON MACROECONOMIC DEVELOPMENTS AND ITS MONETARY POLICY ASSESSMENT In the Monetary Council's assessment, persistently loose monetary conditions are consistent with the achievement of price stability. In the Council's assessment, the medium-term achievement of the Bank's inflation target and a corresponding degree of support to the real economy point in the direction of maintaining loose...
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