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The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.25pc at a monthly policy meeting.
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Moody's Ratings on Friday downgraded the city of Budapest's long-term issuer ratings to Ba2 from Ba1.
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Wizz Air has issued a profit warning due to the war involving Iran, saying the conflict could cost the airline nearly €50 million in the financial year ending March 31.
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A sustained 10% rise in oil prices could lift inflation by 0.5% in Romania and 0.45% in Hungary, according to an analysis by ING bank underlining the vulnerability of energy-importing economies in Central and Eastern Europe.
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The European Bank for Reconstruction and Development (EBRD) forecasts Hungary's GDP will grow by 2.0pc in 2026 and 2.5pc in 2027 in its latest Regional Economic Prospects report released.
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Hungary’s National Economy Minister, Márton Nagy, has indicated that the government would like to see the number of major banks operating in Hungary reduced to five.
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