The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 5.50pc at a monthly policy meeting on Tuesday.Continue reading
The Monetary Council of the Hungarian National Bank (MNB) cut the base rate by another 25 basis points to 5.5% on Tuesday. The decision was in line with previous expectations, and the real excitement will come in September, when the central bank may decide to continue the current “mini interest rate cut cycle”.
The Monetary Council of the Hungarian National Bank reduced the central bank's base rate by 25 basis points to 5.50 percent, and both ends of the interest rate corridor were also reduced by 25 basis points each.