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Poland and Hungary to Cut Interest Rates Further
Unlike the Czech Republic, Poland and Hungary still have some downward potential. The inflation rate is still below the base rate.
Poland and Hungary to Cut Interest Rates Further / Picture: © Vindobona.org
The annual rate of euro area inflation in November, as measured by the Harmonised Index of Consumer Prices, fell from the previous month to 2.2%. According to Eurostat data, euro area GDP for the third quarter contracted by 0.6% in year-on-year terms and was 0.1% lower than GDP for the previous quarter (which itself shrank by 0.5 % quarter-on-quarter and by 0.2% year-on-year). The euro…
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