Hungarian Central Bank Under New Leadership: No Room for Interest Rate Cuts

In a significant shift under the new governorship of the Hungarian National Bank (MNB), the central bank has declared that there is currently no room for interest rate cuts. The comments come in the wake of increased scrutiny regarding the national economy and the central bank's efforts to moderate inflation, which has persisted despite previous efforts to control it. Governor Gabriella Barta, who assumed her role less than a month ago, emphasized the need for vigilance in monetary policy as inflationary pressures remain elevated.

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