Hungary cuts as critical opposition sweep to power
The National Bank of Hungary sheared 25 basis points off its benchmark base rate on Monday, taking it to a new record low of 5.25%. The cut came as the country's largest opposition party, which has been critical of the central bank, swept into power on Sunday with a two-thirds parliamentary majority.
The cut, the central bank's tenth in a row, will take effect from Tuesday. Analysts had expected the move, which the central bank pinned on falling inflation and sluggishness in the Hungarian
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