Article Tools

Hungary: Monetary Policy Eases Further

Published: November 26, 2013; 19:51 · (Vindobona)

Today, Hungary´s National Bank (MNB) has cut the two-week deposit rate to 3.2% from 3.4%. The government is optimistic that the monetary easing will help Hungary´s economy.

Hungary: Monetary Policy Eases Further / Picture: © Flickr

The rate cut was in line with the expectations. MNB´s monetary council began to cut interest rates in spring 2012. At that time, the base rate stood at 6.5%. According to the MNB, further cuts are possible. The current inflation situation and the modest economic growth allow further rate cuts, the monetary council stated.

In December, the MNB is expected to cut the base rate to…

This article includes a total of 430 words.

or Log In

Fast News Search
Related News
CESEE: Austrian Banks Face New Challenges (November 26, 2013)
Hungary. Forex Loans Probed by Supreme Court (November 25, 2013)
Hungary: Further Cuts to Come (November 21, 2013)
IMF: Hungary´s Fiscal Situation Deteriorates (October 15, 2013)
Read More
Hungary, MNB Hungarian National Bank, Lending, Banking Industry, Gyoergy Matolcsy, Monetary Policy, Public Debt, Viktor Orban, Capital Markets, Bond Market
Featured
Meet the New Ambassador of Hungary to Austria: H.E. Mr. Andor Nagy
Updated Directory of Foreign Ambassadors in Austria 2018
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter