Bloomberg News

Hungary Main Rate May Be Unchanged Through 2012, UniCredit Says

December 12, 2011

Dec. 12 (Bloomberg) -- Hungary’s central bank may keep the benchmark two-week deposit rate unchanged through 2012, UniCredit SpA said in a research report published today.

Policy makers may switch back to a “wait-and-see” mode after raising the main rate to 6.5 percent from 6 percent last month, UniCredit said in the e-mailed report. The central bank will monitor how talks with the International Monetary Fund on a financial aid package will progress. A delay in the talks may force a rate increase, UniCredit said.

Hungary may require a 16 billion-euro ($21.2 billion) IMF- led agreement, UniCredit said.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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