MNB Raises O/N Deposit Rate in First Tightening in Years

2019. március 26.

Budapest Business Journal

The Monetary Council of the National Bank of Hungary (MNB) decided at a monthly policy meeting Tuesday to raise the overnight central bank deposit rate by 10 basis points to -0.05%. The Council left both the O/N collateralized loan rate and the base rate, which is paid on mandatory reserves, unchanged at 0.90%. More...