Hungary central bank leaves one-week deposit rate steady at 0.75%
BUDAPEST (Reuters) - Hungary's central bank left the interest rate on its one-week deposit facility unchanged at 0.75% at a weekly tender on Thursday.
The bank left key rates steady last month, as expected, and said it would maintain a gap between the one-week deposit rate and the 0.6% base rate as long as inflation risks justify that, flagging no imminent change.
The bank also expects to temporarily overshoot its inflation target in the second quarter due to fuel price base effects and higher tobacco prices.
(Reporting by Gergely Szakacs)