Hungary’s Central Bank Holds Key Rate After Post-Election Rally

Hungary’s central bank kept interest rates unchanged after a post-election market rally, as policymakers await government plans to tackle a bloated budget and gain access to frozen European Union funds.

The National Bank of Hungary held the benchmark at 6.25% on Tuesday, the highest level in the EU after Romania. The decision was in line with all estimates in a Bloomberg survey. The central bank will publish a statement at 3 p.m. in Budapest, with Governor Mihaly Varga delivering remarks at a briefing beginning at the same time.