25bps Cut, Room For Further Reductions

November 2007
Emerging Europe Monitor: Central Europe & Baltic States;Nov2007, Vol. 14 Issue 11, p8
Country Report
Country Report
The article presents an economic outlook for Hungary. The National Bank of Hungary (NBH) resumed its monetary easing cycle and cut rates on September 24, 2007, bringing the benchmark lending rate to 7.50 percent. According to the article, existing upward and inflationary pressures are largely seen as temporary, as the effects of the weak harvest are expected to subside throughout the remainder of 2007.


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