The Central Bank of Hungary

Magyar Nemzeti Bank to Keep 2.10% Interest Rate for Extended Period

September 23, 2014

Hungary’s monetary policy rate was lowered after every monthly Council meeting from August 2012 through July 2014, falling to 2.1% from 7.0%.  The statement accompanying July’s 20-basis point cut proclaimed that the easing cycle had ended.  The new policy mantra, reiterated in today’s policy statement, pre-announces that the 2.1% rate will likely be retained for […] More