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Hungarian Central Bank Call for Growth Stimulating Measures
Politics ♦
Published: September 15, 2012; 18:04 ♦ (Vindobona)
In August, the Hungarian Central Bank cut the base rate by 0.25 percentage points. According to the Council, growth should be supported.
Hungarian Central Bank Call for Growth Stimulating Measures / Picture: © Hungarian Central Bank
After the Hungarian economy dropped by 1.3% in the second quarter of 2012 against the reference period of 2012, the Hungarian Central Bank lowered the bank interest rate from 7.00% to 6.75%. This cut came rather as a surprise. Before, the Central Bank viewed the risky environment and the high inflation rate as obstacles for cutting the rate.
The majority of the Council voted for…
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