BUDAPEST: Hungary's central bank is "more cautious than ever" due to uncertainties in the global economic outlook and will make key policy decisions weighing the inflation outlook on a quarterly basis, Deputy Governor Marton Nagy said on Thursday.
Nagy said the inflation outlook was not so clear and reiterated that the central bank, which raised its overnight deposit rate on Tuesday in a "one-off" move, was not thinking in a monetary tightening cycle.
Nagy added that in the long run, the cooling down effect of the slowing external environment was expected to bring inflation to the bank's 3 percent target.
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