ADVERTISEMENT

National Bank of Hungary raises base rate 50bp after downgrade

Deals

The National Bank of Hungary's Monetary Council decided to raise the central bank's key rate by 50bp to 6.50% at a meeting on Tuesday.

The decision -- the first rate change in ten months -- came days after Moody's downgraded Hungary's sovereign rating to "junk" and was in line with market expectations.

Just one proposal was formally made at the meeting and the vote on the 50bp rate rise was unanimous, central bank governor Andras Simor said at a press conference after the meeting.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.