Press release on the Monetary Council’s meeting of 11 April 2005

11 April 2005

At its meeting on 11 April 2005, the Monetary Council discussed the latest money and capital market developments as well as the broad outlines of the Quarterly Report on Inflation, to be issued on 23 May. Also at the meeting, members were briefed on current matters related to the regulation of insurers in the European Union. In accordance with its meeting schedule, the Council did not take a decision on the central bank base rate at Monday’s meeting.

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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