Hungary central bank anti-cyclical capital buffer rate at 0.5% after Oct 2023
BUDAPEST, Oct 3 (Reuters) - Hungary's central bank will keep the countercyclical capital buffer rate at 0.5% beyond Oct. 1, 2023, it said on Monday, after it decided to raise the rate to 0.5% from July 1, 2023 at an earlier meeting.
The bank said that signs of overheating were still palpable in the real estate market, which could point towards raising the buffer rate going forward. However it said growth and lending prospects and a risk of deteriotation in banks' portfolio quality means "the further increase in the buffer rate is not justified for the time being."
Reporting by Krisztina Than
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