ÁKK Raises Rates on Inflation-linked Retail Securities
The Government Debt Management Agency (ÁKK) on Friday said rates on its inflation-linked Premium Hungarian Government Security (PMÁP) series will rise from January 19, according to a report by state news wire MTI.
The rate on the 2027/K security, which pays a 0.75% premium over average annual inflation, will have a rate of 15.25%, while the 2030/I security, which pays 1.5% over CPI, will have a rate of 16%.
Hungary's average annual inflation rate was 14.5% last year, the Central Statistics Office (KSH) said on Friday.
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