Business & Finance
Hungary Cuts Interest Rate Again With Inflation at Decade-Low
Key Points
Hungary Cuts Interest Rate Again With Inflation at Decade-Low Hungary’s central bank delivered its third consecutive interest rate cut after the inflation rate fell to the lowest level in a decade. The National Bank of Hungary reduced the benchmark rate by a quarter-point to 5.5% on Tuesday, matching the estimate of all 20 economists in a Bloomberg survey.
Hungary Cuts Interest Rate Again With Inflation at Decade-Low
Hungary’s central bank delivered its third consecutive interest rate cut after the inflation rate fell to the lowest level in a decade.
The National Bank of Hungary reduced the benchmark rate by a quarter-point to 5.5% on Tuesday, matching the estimate of all 20 economists in a Bloomberg survey. Governor Mihaly Varga will hold a briefing at 3 p.m., when a statement will also be published.