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Press release on the Monetary Council’s meeting of 7 June 2010

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7 June 2010

At its meeting on 7 June 2010, the Monetary Council reviewed the latest economic and monetary developments. In accordance with its meeting calendar, the Council did not take a decision on the central bank base rate.

The Council welcomes the Government’s declared commitment to meeting the fiscal deficit target agreed with international organisations. The Magyar Nemzeti Bank remains committed to achieving its 3 per cent inflation target and, without prejudice to its primary objective, it continues to stand ready to support the Government’s economic policy.

MAGYAR NEMZETI BANK

Monetary Council