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Hungary: Slower Monetary Cuts

Published: December 18, 2013; 22:11 · (Vindobona)

After another base rate cut, the next monetary steps will take more time.

Hungary: Slower Monetary Cuts / Picture: © MNB

After 17 consecutive base rate reductions, Hungary´s National Bank MNB will reduce the pace of further cuts. This week, MNB has lowered the two-week deposit ratio to 3.0% from 3.2%. According to MNB´s governor György Matolcsy, MNB will slow down the quantitative easing program.

According to the MNB, there is no risk of inflation. According to economists, the MNB has reached…

This article includes a total of 116 words.

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