Hungary: Further Monetary Cuts Not Unlikely

Politics ♦ Published: January 10, 2014; 22:02 ♦ (Vindobona)

Adam Balog, deputy governor of the Hungarian National Bank (MNB), argues that there is still downward potential.

Hungary: Further Monetary Cuts Not Unlikely / Picture: © Vindobona.org

In the last 18 months, the Hungarian National Bank has lowered the base rate gradually from 6.75% to 3.0%. The massive capital inflows in emerging markets allowed the MNB to cut the rates.

Despite the economic upturn and the expectable end of the monetary easing cycle in the U.S., the MNB may continue the loose monetary policy. In an interview with Reuters, Balog said that…

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