February 26, 2019 / 9:23 AM / 7 months ago

Hungary central bank in a normalisation phase -Governor

BUDAPEST, Feb 26 (Reuters) - Hungary’s central bank is in a normalisation phase of monetary policy, Governor Gyorgy Matolcsy told a parliamentary committee hearing on Tuesday, adding that it was “good news” that inflation has risen towards the bank’s target.

“The National Bank of Hungary is in a normalisation phase, while also preserving the character stemming from its (mandate),” Matolcsy said.

“It is predictable and has one single anchor in its inflation targeting system: the 3 percent plus/minus 1 percentage point inflation.” (Reporting by Gergely Szakacs and Marton Dunai)

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