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MNB holds base rate at 2.1%

EU

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.


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