The Hungarian central bank left its key rates unchanged amid an expected slower economic growth.
Magyar Nemzeti Bank maintained its base rate, overnight collateralized lending rate and one-week collateralized lending rate at 0.90%, and the overnight deposit rate at negative 0.05%.
"The monetary policy stance will continue to be accommodative, economic agents' financing costs will be favourable," the central bank said in a statement.
The Hungarian economy, which grew 4.9% in the second quarter, is projected to expand at a weaker pace in the coming months amid a slowdown seen in the wider European region. The country's GDP is forecast to rise 4.5% in 2019 and by 3.3% in the succeeding two years.
On the price front, the central bank warned that inflation "continues to be volatile" and that downside risks have risen as a result of weakening external activity.
Inflation and core inflation came in at 2.8% and 3.9%, respectively, in September. The central bank's inflation target is 3%.