Deputy Governor Barnabás Virág had said after the meeting on Feb. 27 that a "large majority" of the council members had supported the 100-basis-point cut, bringing the base rate to 9%, but there had also been backing for a 75-basis-point reduction.
Council votes on rates had been unanimous for years until the January policy meeting, when policymakers also voted 7:2, this time for a 75-basis-point cut.
The record of the vote at the February meeting shows Kolos Kardkovács and Gyula Pleschinger, two of the council's external members, voted for the 75-basis-point cut.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
