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

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

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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