November 19, 2019 / 1:05 PM / 21 days ago

Hungarian central bank keeps rates unchanged, as expected

BUDAPEST, Nov 19 (Reuters) - The National Bank of Hungary (NBH) left interest rates unchanged on Tuesday, as expected, ignoring renewed weakening in the forint towards record lows and a rise in inflation to near the top of the central bank’s target range.

The central bank held its base rate at 0.9% and the overnight deposit rate at -0.05%, in line with the unanimous forecast of analysts in a Reuters poll, which foresaw no change in official rates before 2021. (Reporting by Gergely Szakacs)

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