Hungary’s Central Bank Lowers Key Rate By 20BP To 3%

  • 18 Dec 2013 8:00 AM
Hungary’s Central Bank Lowers Key Rate By 20BP To 3%
Hungarian rate setters lowered the central bank’s key rate by 20 basis points to 3% at a meeting on Tuesday. Analysts had widely expected a 20-basis-point cut.

After the previous meeting, in November, the Council said “further cautious easing of policy might follow” taking into account the outlook for inflation and the real economy as well as risk perceptions associated with the economy.

Source www.hungarymatters.hu

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