Magyar Nemzti Bank

Central Bank of Hungary

May 27, 2014

Monetary officials engineered a 22nd straight monthly cut of their benchmark interest rate, a 10 basis point reduction as was expected.  This was the third 10-bp cut, following two 15-bp reductions, 5 straight 20-bp cuts and a dozen 25-bps cuts.  Prior to August 2012, the key interest rate was at 7.0%, and now it is […] More