Matolcsy

Eighth Straight Month to See a Central Bank Rate Cut in Hungary

March 26, 2013

Under newly appointed Governor Matolcesy, who has surrounded himself with like-minded monetary doves, the monetary council of Magyar Nemzeti Bank implemented another 25-basis point cut of its two-week deposit rate.  The new level of 5.0%, down from 7.0% prior to last August, is a record low, eclipsing the 5.25% level in April 2010.  The custom […] More

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