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Hungary Cuts Benchmark Rate in Back-to-Back Monetary Easing Step

2020. július 21.

BNN Bloomberg / Zoltan Simon and Marton Eder

Hungary’s central bank cut its key interest rate, a move officials flagged as the second and last step in back-to-back reductions in borrowing costs. The central bank reduced the benchmark rate by 15 basis points to 0.6% on Tuesday, in line with the median estimate in a Bloomberg survey. Policy makers kept the overnight deposit rate at -0.05%. More...