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Hungary Cuts Interest Rate Again With Inflation at Decade-Low

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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.
Hungary Cuts Interest Rate Again (ORG) Hungary (LOCATION) The National Bank of Hungary (ORG) Bloomberg (ORG) Mihaly Varga (PERSON)
Originally published by Bloomberg Markets Read original →