Hungary cuts rates by 25 basis points
Country edges closer to ending monetary easing campaign
The monetary council of the Central Bank of Hungary (MNB) announced today (July 23) that it was cutting rates by 25 basis points.
Although this is the tenth consecutive cut, the MNB’s campaign of monetary easing is likely to slow.
The central bank said its rate cut in June had been a “watershed moment,” after which there remained only two options: holding rates or easing them by 25bp. Barnabas Virag, the MNB’s deputy governor, said some members of the monetary council used today’s meeting to argue
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