Hungary’s central bank said on Tuesday that it was committed to the achievement of the inflation target in a sustainable manner, and a “careful and patient approach to monetary policy” remained necessary due to risks to the inflation environment.
“Maintaining tight monetary conditions is warranted. The Council is constantly assessing incoming macroeconomic data and factors influencing the inflation outlook, in particular repricings at the start of the year and the stability of financial markets, based on which it will take decisions on the level of the base rate in a cautious and data-driven manner from meeting to meeting,” the rate-setting Monetary Council said.