BUDAPEST: The National Bank of Hungary left interest rates on hold in a unanimous decision last month and maintained its accommodative policy stance, the rate-setting Monetary Council said in the minutes of its June 25 rate meeting on Wednesday.
"Regarding the outlook for inflation, data to be received in the second half of the year would be decisive," the Monetary Council said in the minutes.
The Council said monetary policy would face "an uncertain and fast-changing environment" in the coming quarters.
"Against this backdrop, decision-makers unanimously argued that a data-driven and cautious approach was likely to be warranted," the rate-setters added.
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