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Press release on the Monetary Council’s meeting of 9 January 2006

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9 January 2006

1.    At its meeting on 9 January 2006, the Monetary Council considered the latest monetary and economic developments. Consistent with its meeting schedule, the Council did not take a decision on the central bank base rate.

2.    In accordance with the Council’s rules of procedure, members elected Henrik Auth Vice Chairman of the Monetary Council.

3.    Minister of Finance János Veres attended Monday’s Monetary Council meeting. Mr Veres briefed Council members on recent budgetary developments.

MAGYAR NEMZETI BANK

Monetary Council