Rates round-up: Hungary and Moldova cut rates
Sweden holds rates but lowers inflation forecast
Hungary: The Central Bank of Hungary (MNB) cut rates for the sixth consecutive time since October 2023 on March 26. It reduced the key policy rate to 8.75%, which previously peaked at 13% in September 2022.
The MNB highlighted economic recovery in the US and China but called European growth “stagnant”. Domestically, the first quarter of 2024 saw a small uptick in the Hungarian economy, which could become “more dynamic in Q2”, the central bank added.
The construction industry saw double-digit
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