Sponsored Content
Hungary: Slower Monetary Cuts
Politics ♦
Published: December 18, 2013; 22:11 ♦ (Vindobona)

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

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…
or Log In
Fast News Search