• “In the Monetary Council's assessment, previously symmetric risks to inflation had become asymmetric in the last quarter"
  • “The downside inflation risks had strengthened further, reflecting the effects of the slowdown in European economic activity"

BUDAPEST: Hungary's central bank left interest rates unchanged in a unanimous vote last month, the National Bank of Hungary said in the minutes of its Sept. 24 policy meeting on Wednesday.

“In the Monetary Council's assessment, previously symmetric risks to inflation had become asymmetric in the last quarter," it said.

“The downside inflation risks had strengthened further, reflecting the effects of the slowdown in European economic activity." The next meeting is due on Oct. 22.