Hungary Holds Key Rate After Two Years of Monetary Easing

Hungary’s central bank kept the main interest rate unchanged at a record low, in line with its guidance for a holding pattern until the end of 2015 following two years of monetary easing.

The two-week deposit rate was left at 2.1 percent, the National Bank of Hungary said today, matching the forecasts of all but one of the 17 economists surveyed by Bloomberg. The central bank said in a statement that it may maintain “loose monetary conditions for an extended period.”