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Hungary: MNB to Reduce Key Interest Rate
People ♦
Published: March 26, 2013; 17:49 ♦ (Vindobona)
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The Hungarian National Bank (MNB) lowered the key interest rate by 25 basis points down to 5.0 %. This is the eighth downgrade in a row.
Hungary: MNB to Reduce Key Interest Rate / Picture: © Wikipedia / kormany.hu
Investors in the Hungarian economy have now reason to be relieved since the Hungarian National Bank cut the key interest rate by 25 basis points. It now stands at 5.0 % which is a new record low. Some experts had estimated the rate would be downgraded even more by the new govenor of MNB, György Matolscsy, up to 50 basis points. However, the Hungarian forint increased significantly…
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