Enter your e-mail address below
to reset your password.
Please activate your registration
by clicking the link in the activation email
or click submit to resend the activation email.
Please check your spam folder too...
Check your mailbox to activate your registration.
Please check your spam folder too.
The monetary council of the National Bank of Hungary (MNB) cut the central bank base rate by 100 basis points (bp) to 8.50% at a rate-setting meeting.
Most on the market expected a 50 bp cut.
The cut is the first rate change since a 50 bp cut in January. The bank cut the key rate 200 bp between November and January, reversing much of a 300 bp emergency rate rise in October.
At the preceding rate-setting meeting on June 22, council members voted 6:3 to keep rates on hold at 9.50% as against another proposal for a 50 bp cut. (MTI – Econews)