Hungary’s Central Bank to Hold Rates Despite Post-Election Rally

Hungary’s central bank will probably keep interest rates unchanged after a post-election market rally, as policymakers await government plans on tackling a bloated budget and on gaining access to frozen European Union funds.

The National Bank of Hungary is expected to keep its benchmark rate at 6.25% on Tuesday, the highest level in the EU after Romania, according to all 23 economists in a Bloomberg survey.