NBH To Slash Rates Further Through End-Year

October 2009
Emerging Europe Monitor: Central Europe & Baltic States;Oct2009, Vol. 16 Issue 10, p5
Country Report
The article reports on the decision of the National Bank of Hungary (NBH) to cut 50 basis point (bps) off its key borrowing rate on August 24, 2009. It says that NBH cut 50bps off its key borrowing rate at its latest monetary policy council (MPC) that brings the base rate to 8%. Meanwhile, MPC's decision has helped Hungary to reach 350bps and with lowest base rate level since April 2008.


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