MNB key rate drops to 3.80%
The National Bank of Hungary (MNB) announced its key interest rate today, with the new rate 3.80%; though this was presented as “slowing the pace of the year-long easing cycle,” the 0.20% cut was nevertheless higher than the 0.10% that MNB governor György Matolcsy had suggested last month.
In late July, along with an announced 0.20% cut to bring the key rate to 4%, Matolcsy stated that the central bank’s base rate could fall to as low as 3% before cuts ended and that inflation, financial stability and “the real economic situation” would be prime factors in further decisions about rate cuts as the easing cycle continues.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.