Hungarian Central Bank Cuts Interest Rate – New Record Low

London South East news website said, Hungary’s central bank on Tuesday lowered its policy interest rate for the sixteenth consecutive month to a new record low, to prop up the economy as inflationary pressures remained subdued.

According to LSE news website, the Monetary Council of the Hungary’s central bank (Magyar Nemzeti Bank) reduced the base rate by 20 basis points to 3.2 percent at today’s meeting, following a similar cut in October. The decision was in line with economists’ expectations.