BUDAPEST, Nov 22 (Reuters) - Hungary's lower than expected October inflation figure was a surprise to the central bank and the data could also impact the medium-term inflation path, the bank's deputy governor Adam Balog told local business website portfolio.hu on Friday.
Hungary's annual inflation slowed to 0.9 percent in October, a near 40-year low.
'It's good news that among the reasons (for low inflation) we can see not only temporary impacts but also factors that signal a permanent low-inflation environment,' Balog was cited as saying.
'We still have to analyse the fresh information but we think that the data could also impact the medium-term inflation path, obviously downwards.'
Balog said the bank's December inflation report and the Monetary Council's statement could give more clues on how this could impact the interest rate path.
'The bottom limit to interest rate cuts is a moving target,' Balog said, adding that the bank had so far not considered the possibility or justification for a zero interest rate level.
(Reporting by Krisztina Than) Keywords: HUNGARY CENTRALBANK/
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