Hungary Seen Holding Rates Despite CPI Rise, Forint Jitters

Hungary Seen Holding Rates Despite CPI Rise, Forint Jitters
FILE PHOTO: A picture illustration shows a woman holding Hungarian forints notes in Budapest July 24, 2013. REUTERS/Laszlo Balogh
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BUDAPEST—Analysts see Hungary’s central bank NBH keeping its record-low interest rates on hold again at its meeting on Aug. 21, despite a pick-up in inflation and increased currency volatility in the wake of Turkey’s currency crisis.

In an Aug. 13-16 Reuters survey, all 16 analysts said the base rate could stay unchanged at 0.9 percent.