{"id":33773,"date":"2012-11-27T08:41:00","date_gmt":"2012-11-27T13:41:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/11\/hungary-cuts-base-rate-by-25-bps-to-6-0\/"},"modified":"2012-11-27T08:41:00","modified_gmt":"2012-11-27T13:41:00","slug":"hungary-cuts-base-rate-by-25-bps-to-6-0","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/27\/hungary-cuts-base-rate-by-25-bps-to-6-0\/","title":{"rendered":"Hungary cuts base rate by 25 bps to 6.0%"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp; &nbsp; Hungary&#8217;s central bank cut its base rate by 25 basis points to 6.00 percent, as widely expected, but gave no further details in its statement.<br \/>&nbsp; &nbsp; Magyar Nemzeti Bank, the National Bank of Hungary, has now cut its base rate by 100 basis points this year.<br \/>&nbsp; &nbsp; Hungary&#8217;s Gross Domestic Product contracted by 0.2 percent in the third quarter from the second, the third monthly contraction in a row, for an annual decline of 1.5 percent, up from an annual shrinkage of 1.3 percent in the second quarter.<br \/>&nbsp; &nbsp; Inflation eased to 6.0 percent in October from a 2012 high of 6.6 percent in September, but still twice the bank&#8217;s target of 3.0 percent.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\">&nbsp; &nbsp; www.CentralBankNews.inf<\/a>o<\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-4471254200916157224?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; Hungary&#8217;s central bank cut its base rate by 25 basis points to 6.00 percent, as widely expected, but gave no further details in its statement.&nbsp; &nbsp; Magyar Nemzeti Bank, the National Bank of Hungary, has now cut its base rate by 100 basis points this year.&nbsp; &nbsp; Hungary&#8217;s Gross &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/27\/hungary-cuts-base-rate-by-25-bps-to-6-0\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hungary cuts base rate by 25 bps to 6.0%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33773","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=33773"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}