MNB cuts base rate 15 bp, as expected

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The National Bank of Hungaryʼs Monetary Council decided at a rate-setting policy meeting today to reduce the central bank’s base rate by 15 bp, to 1.80%, as previously predicted by leading market analysts.

A month ago, the central bank cut the base rate by a further 15 bp, which was the first rate cut since the MNB wound up an easing cycle last summer and the rate-setters said "cautious easing" could continue.

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