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Press release on the Monetary Council meeting of 21 July 2015 (Central Bank of Hungary) ...

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(Source: Central Bank of Hungary) 21 July 2015 At its meeting on 21 July 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 1.50% to 1.35%, with effect from 22 July 2015. In the Council's assessment, Hungarian economic growth is likely to continue. While the pace of economic activity is strengthening, output remains below potential and the domestic real economic environment is expected to continue to have a disinflationary impact, albeit to a diminishing extent. Despite the pick-up in domestic demand, capacity utilisation is expected to improve only gradually due to the protracted recovery...

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