Hungary Holds Key Rate for 10th Month to Anchor Inflation

Hungary’s central bank held borrowing costs at the same level for a 10th month and said forward guidance on monetary policy is unchanged after a rebound in inflation.

The National Bank of Hungary kept its benchmark interest rate unchanged at 6.5% on Tuesday, matching the estimate of all 19 economists in a Bloomberg survey. The key rate is tied with neighboring Romania for the highest level in the European Union.