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25 bp base rate cut

Hungarian National Bank?s (HNB) Monetary Council (MC) cut down the base rate by 25bp to 7.50pc, said HNB in a statement on its website. The changement comes into operation tomorrow. MC cut base rate by 50 bp from 8,25 to 7,75 bp on 29 March, which was preceded by another 75 bp base rate cut in February.