Hungary council members divided over rate drop
Members of the Central Bank of Hungary's monetary council were divided over the decision to reduce its key interest rates by 20 basis points to 3.8% last month.
That was the 13th successive meeting in which the council had sanctioned a cut. Prior to the decision, the central bank's governor, György Matolcsy, hinted the council would slow down, or possibly stop, its easing cycle as inflation was on track to hit its 3% target in 2014.
Nonetheless five of the council's seven members, including
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