TITLE

25bps Cut, Room For Further Reductions

PUB. DATE
November 2007
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Nov2007, Vol. 14 Issue 11, p8
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
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.
ACCESSION #
27199472

 

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