The members forecast that economic growth could resume this year, albeit at a modest pace, accompanied by a continuation of the downward trend in inflation.

The outlook for inflation and the real economy was consistent with a lower central bank base rate, they added.

As in previous minutes, monetary policy makers stressed that further rate cuts could be in the offing if the medium-term outlook for inflation remains in line with the 3% target and the improvement in financial market sentiment is sustained.

Source: Hungary Around the Clock

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