Cbank lowers key rate by 20bp to 3.0pc
Budapest, December 17 (MTI) – The National Bank of Hungary’s Monetary Council decided to lower the central bank’s key rate by 20 basis points to 3.0 percent at a meeting today.
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.
Photo: felnott.hu
Source: http://hungarymatters.hu/
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Hungary calls for stronger nation-state sovereignty in the EU, rejects treaty changes for political power shift
All Saints’ Day and clock change: Changes to Budapest transport timetables
National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal
Top Hungary news: magnificent castles, new flights to Budapest Airport, 15th-century sword and change in bottle redemption system – 28 October, 2024
Orbán cabinet: Ill-advised policies jeopardising European Union’s existence
Drivers watch out! 26 fixed speed cameras to be installed in Budapest