MNB holds base rate at 2.1%
Keeping true to its pledge to hold the interest rate at 2.1% through the end of 2014, the Monetary Pollicy Committee of the Hungarian National Bank (MNB) left the base interest rate unchanged at its monthly meeting, the bank announced on its website today.
The rate reached its current record low point after two years of rate cuts. Bank officials have said that they will hold this rate as no further cutting is necessary.
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.