BUDAPEST Dec 12 The National Bank of Hungary
will maintain loose monetary conditions, Governor Gyorgy
Matolcsy told a parliamentary committee hearing on Monday.
"We will maintain loose financial conditions," Matolcsy said
in response to lawmakers' questions. "Regarding the base rate,
deposit and lending rates, regarding targeted programmes, we
facilitate the bank system to maintain (higher) lending levels."
Matolcsy also said the stability of the exchange rate of the
forint was important and the bank did not focus on
any particular exchange rate level.
He also said the bank maintained its 2016 economic growth
forecast of about 3 percent despite more pessimistic views from
analysts and even the government, adding that 2017 GDP growth
could reach 3.5 to 4 percent based on current estimates.
(Reporting by Gergely Szakacs)