Hungary to Hold Key Rate With Inflation in Focus

Hungary is poised to hold the European Union’s highest key interest rate unchanged for a 14th month as policymakers focus on supporting the forint to help rein in above-target inflation.

The National Bank of Hungary will keep its benchmark interest rate at 6.5% on Tuesday, tied with Romania for the highest level in the EU, according to all 20 economists in a Bloomberg survey. The decision is scheduled for 2 p.m. in Budapest, followed by a briefing and statement an hour later.