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
