Hungarian Interest Rate Bias is Conditionally Skewed Downward

November 2, 2012

Officials on Tuesday at the Magyar Nemzeti Bank left Hungary’s key central bank rate at 6.25% but released a statement that flagged a possible cut in the future: “The Council will consider a further reduction in interest rates if data becoming available in the coming months confirm that the improvement in financial market sentiment persists and the medium-term outlook for inflation remains consistent with the 3 per cent target.”

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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