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.


Related Articles

  • Hungary: Fresh Attack On NBH.  // Emerging Markets Monitor;10/4/2004, Vol. 10 Issue 25, p13 

    Reports on the tensions between the Hungarian government and the National Bank of Hungary (NBH) over monetary policy. Economic plans of the government; Current account deficit for the second quarter of 2004; Economic effects of the tension between the administration and NBH.

  • Economic Policy: Monetary Policy and Outlook.  // Hungary Country Monitor;Mar2012, p13 

    The article forecasts the monetary policy developments in Hungary in 2012. It mentions that the National Bank of Hungary (MNB) will remain cautious about the government policy issues and continued pressure from the Eurozone debt problems. It suggests that there will be no reduction on interest...

  • Economic Policy: Monetary Policy - Recent Developments.  // Hungary Country Monitor;Mar2012, p14 

    The article focuses on monetary policy development in Hungary through 2012. It states that the National Bank of Hungary (MNB) has held its base interest rate steady during its first two monthly meetings after deciding to raise it in the final months of 2011. It notes that the MNB has raised the...

  • The development of aggregate economic targeting. Sumner, Scott // CATO Journal;Winter91, Vol. 10 Issue 3, p747 

    Focuses on the issues concerning monetary policy rules aimed at directly targeting economic aggregates. Problems created by targeting an economic aggregate measured with an information lag; Theoretical work on making monetary policy more efficient by incorporating market expectations into the...

  • Monetary meltdown -- it's only a matter of when. Debus, Keith // Enterprise/Salt Lake City;3/5/2007, Vol. 36 Issue 35, p10 

    The article discusses the effects of the quantitative easing strategy, which refers to increasing the quantity of money in circulation to boost the economy, of the U.S. and Japan on global economy. The policy of quantitative easing led to the shrinking of the monetary base of Japan and the U.S....

  • Government Wins; Central Bank Loosens.  // Emerging Europe Monitor: Central Europe;Mar2003, Vol. 10 Issue 3, p2 

    Reports on the persistence of National Bank of Hungary's early-year monetary policy relaxation and revision of its inflation expectations due to its failure to persuade the government to revalue the currency. Changes expected due to a rise in administered energy prices; Determination showed by...

  • Outlook and Assumptions: Domestic Assumptions.  // Hungary Country Monitor;Nov2011, p3 

    The article focuses on the domestic assumptions for Hungary's economy which includes administering its 2012 fiscal plan, the National Bank of Hungary (MNB) is unable to relax monetary policy in attempting to stimulate domestic demand, and pushing towards euro adoption.

  • So Far So Good For The NBH.  // Emerging Europe Financial Alert;6/30/2003, Vol. 2 Issue 7, p6 

    Following recent turbulent events on the monetary policy front in Hungary, talk is rife once more of the National Bank of Hun-gary (NBH) losing its credibility and paying a heavy price for misjudging market reactions. Yet, for the time being at least, neither of these statements is likely to...

  • Vietnam: Reforms Needed.  // Asia Monitor: South East Asia Monitor Volume 1;Jul2004, Vol. 15 Issue 7, p1 

    Vietnam was the second-fastest growing economy in East Asia in 2003 after China. Strong growth is forecast for 2004, although more reforms are needed to ensure sustainable long-term expansion. Vietnam grew by 7.2% in 2003, making it East Asia's best performing economy after China. Largely thanks...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics