A Seventh Straight Hungarian Central Bank Interest Rate Cut

April 23, 2024

The Central Bank of Hungary’s base rate has been lowered 50 basis points to 7.75% in a continuing normalization of monetary policy. The latest and expected reduction brings the cumulative decreases to 300 basis points since end-2024 and 525 basis points since October. Consumer price inflation in Hungary has receded from as much as 25.7% in January 2023 to a 35-month low of 3.6% as of March 2024. The base rate had been kept at 13.0% from September 2022 until October 2023 but during the pandemic got as low as 0.60% until an initial hike in June 2021.

Copyright 2024, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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This entry was posted on Tuesday, April 23rd, 2024 at 7:28 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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