Hungary central bank raises base rate 30 bps
Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.20 percent at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
The interest rate corridor is now between minus 0.25 percent and 2.15 percent.
Read alsoOrbán cabinet’s economic recovery strategy over-reliant on “steel and concrete”, says Governor Matolcsy
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1 Comment
Scary – but NOT Surprised what is in Fact occurring in the background – that WILL be – Nationally Exposed – the Economic picture of Hungary.
Are we the first country – post the – ARRIVAL – on-going – using February 2020 as a starting point – of this novel coronavirus – to – RAISE – Interest Rates ???
Answer – Yes.
The decision to raise interest rates certainly is not geared to SLOW the economy down.
This decision is a vital economic sign/indicator to ALL – the economy of Hungary – not forgetting the “brawling” with the European Union that continues – is SICK.
The “in the background” what is fact being gathered – to be tabled and PRESENTED – to the citizens of Hungary – 9.6 million population – will be Mindboggling.
POWER is the agenda of Fidesz.
The “thickening” of there personal pockets firstly – at the EXPENSE of the Hungarian Population – will be EXPOSED.
All will certainly be Revealed – in the Fullness of Time – and it will be gut wrenching.