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Hungary: Further Cuts to Come
Politics ♦
Published: November 21, 2013; 21:22 ♦ (Vindobona)
György Matolcsy, governor of the Hungarian National Bank MNB, stresses that there is room for further base rate cuts.
Hungary: Further Cuts to Come / Picture: © Wikipedia / kormany.hu
A further base interest rate reduction is rather likely in Hungary. At the moment, the reference rate stands at its historic low of 3.4%. György Matolcsy argues that there is still a downward potential.
According to him, most new loans will finance new investments. As a result, Matolcsy is optimistic that the easing program will show first positive results soon. The monetary…
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