March 8, 2011 / 7:41 AM / 9 years ago

Hungary cbanker Gerhardt: rates should stay on hold

BUDAPEST, March 8 (Reuters) - Hungary’s central bank should keep its base rate at its current level of 6 percent for a while as time was not ripe yet for a rate cut, one of Hungary’s two new policymakers said.

“A rate cut would be a very serious thing and I believe that time has not come for it yet,” Ferenc Gerhardt told HirTV late on Monday.

Hungary’s parliament filled only two of four vacant jobs at the central bank in a vote on Monday.

Reporting by Krisztina Than; Editing by Tomasz Janowski krisztina.than@thomsonreuters.com; +36 1 327 4745; Reuters Messaging krisztina.than.reuters.com@reuters.net

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