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The National Bank of Hungary’s Monetary Council also raised both sides of the interest rate corridor by 30 basis points to 4.4%.
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Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
Analysts of MBH Bank expect the forint, which has reached a two-year high against major currencies, to remain strong for the rest of the year, reducing inflation expectations.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting on Tuesday.
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