Hungary Pledges More ‘Firm Steps’ After Bigger Rate Hike

2021. július 28.


Hungary is laying out a course for aggressive monetary tightening to combat the European Union’s fastest inflation. The central bank pledged “firm steps on a monthly basis” after a second consecutive 30-point increase in interest rates. Tuesday’s move in the benchmark, to 1.20% from 0.90%, was bigger than most economists surveyed by Bloomberg predicted.