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Hungary Faces Trend Reversal in Monetary Policy

Published: January 25, 2014; 10:31 · (Vindobona)

The Hungarian National Bank (MNB) has cut the reference rate to 2.85% from 3.00%. The end of the easing cycle is not reached yet.

Hungary Faces Trend Reversal in Monetary Policy / Picture: © Flickr

In the last 18 months, the Hungarian National Bank has lowered the base rate gradually from 6.75% to 2.85%. According to the MNB, the main objective remains boosting Hungary´s economic long-term economic growth by financing new investments.

For the first time since 2012, the base rate reduction was lower than 20 bps. The current base rate of 2.85% is an all-time low in…

This article includes a total of 224 words.

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