February 2005
Emerging Europe Monitor: Central Europe & Baltic States;Feb2005, Vol. 12 Issue 2, p2
Country Report
Country Report
The article provides information about political, economical and business development news related to Hungary. The National Bank of Hungary is considering a legal challenge to contest amendments to the Central Bank Act, which it believes amount to political interference in monetary policy. The central bank has cut its key base rate by 50bps to 9.50%, in the seventh and final reduction of borrowing costs implemented last year. The move came on the back of slowing consumer price inflation in late-2004 and forms part of a wider easing cycle that is set to continue this year. The Hungarian privatization agency APV has announced a plan to re-open the tender for the sale of the country's debt-laden national airline, Malev.


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