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Press release on the Monetary Council’s meeting of 2 May 2005

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1.      At its meeting on 2 May 2005 the Monetary Council reviewed the money and capital market developments, and discussed the first version of the Report on Inflation to be published on 23 May. In accordance with the pre-announced meeting schedule, changing of the central bank base rate was not on the Monetary Council’s agenda.

Budapest, 2 May 2005

                                                                                    Magyar Nemzeti Bank

                                                                                        Monetary Council