Video: We Don't Participate In Central Bank's 'Pessimism' Game, Says Hungarian Deputy Governor
- 14 Jul 2020 7:59 AM
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CNBC International TV
More:
CNBC International TV
Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
Although the value of damages caused by bank-transfer fraud decreased in 2023, further efforts are necessary and the participants of the CyberShield programme are extending their cooperation until 2027, National Bank of Hungary (NBH) deputy director governor Csaba Kandracs has said.
Hungarian central bank rate-setters reduced the base rate by 75 basis points, to 8.25%, at a regular policy meeting.
Hungarian central bank (NBH) rate-setters cut the base rate by 100 basis points to 9.00% at a regular policy meeting.
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