Hungarian central bank sees no significant change in monetary policy framework

BUDAPEST: The Hungarian central bank's Monetary Council voted unanimously to keep interest rates on hold at the December policy meeting, the bank said in the minutes of the meeting on Wednesday.

Governor Gyorgy Matolcsy did not attend the meeting.

"The Council would closely monitor developments in monetary conditions and would ensure the persistence of loose monetary conditions over a prolonged period by using the extended set of monetary policy instruments," the minutes said.

"Members were of the view that no material change was expected in the monetary policy framework; however, the Bank's set of monetary policy instruments might be fine-tuned in the future," the central bank added in the minutes.