Hungary cuts rates by 25 basis points
Central bank says prime minister’s austerity plans will help by providing fiscal credibility
Hungary’s central bank reduced its rates by 25 basis points yesterday (September 24).
The Central Bank of Hungary (MNB) said it had reached a “turning point” in June after having cut rates aggressively since the start of the year. Since then – and moving forward – it has said it will only consider rate holds or 25bp cuts. Last month, it held rates.
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