Streak of Hungarian Central Bank Rate Cuts Extended With Another 10-Basis Point Reduction”
June 24, 2014
Monetary policy was eased for a 23rd straight month. The key rate of 2.3% is down from 7.0% prior to August 2012. The move was justified by low inflation, lessening risk factors, and monetary easing at the ECB, and the statement indicated that more easing is probable. “Considering the outlook for inflation and taking into account perceptions of the risks associated with the economy and the pick-up in economic growth, further cautious easing of monetary policy may follow.”
Copyright 2014, Larry Greenberg. All rights reserved.
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