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Hungary: 20th Consecutive Interest Rate Cut

Published: March 26, 2014; 12:49 · (Vindobona)

The Hungarian central bank has cut the key interest rate by 10 basis points to 2.6 percent.

The interest rate cut was carried out as expected by the financial market. / Picture: © MNB

The Monetary Council at the Hungarian National Bank (MNB) has cut the key interest rate by 10 basis points on Tuesday, as reported by Hungarian news agency MTI. The cut was carried out as expected by the financial market and was the 20th consecutive interest rate cut. The key rate is expected to be increased to 3.0 percent until the end of this year, and come at 3.75 percent…

This article includes a total of 142 words.

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