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

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

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.

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