{"id":38605,"date":"2013-05-28T09:05:48","date_gmt":"2013-05-28T13:05:48","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38605"},"modified":"2013-05-28T09:05:48","modified_gmt":"2013-05-28T13:05:48","slug":"hungary-cuts-rate-10th-time-to-4-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/28\/hungary-cuts-rate-10th-time-to-4-50\/","title":{"rendered":"Hungary cuts rate 10th time to 4.50%"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; Hungary&#8217;s central bank cut its base rate by 25 basis points to 4.50 percent, as widely expected, but made no further immediate comment in a decree from the bank&#8217;s monetary council.<br \/>&nbsp; &nbsp; The National Bank of Hungary has now cut its rate 10 times in a row. At its last meeting in April, the bank said it would consider further rate cuts if the outlook for inflation remained in line with the bank&#8217;s target and sentiment in financial markets remained positive.<br \/>&nbsp; &nbsp; Hungary&#8217;s inflation rate fell to 1.7 percent in April from 2.2 percent in March, continuing the trend of declining inflation since a peak of 6.6 percent in September 2012.<br \/>&nbsp; &nbsp; The central bank targets inflation of 3.0 percent and said last month inflation was likely to remain below this target this year and settle around the target in 2014.<br \/>&nbsp; &nbsp; Hungary&#8217;s Gross Domestic Product expanded by 0.7 percent in the first quarter of this year for annual contraction of 0.9 percent, less than the 2.7 percent shrinkage in the fourth quarter.<br \/>&nbsp; &nbsp; Since starting its easing cycle in August last year, the central bank has cut rates by a total of 250 basis points with rates cut by 125 points this year.<\/p>\n<p>&nbsp; &nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; Hungary&#8217;s central bank cut its base rate by 25 basis points to 4.50 percent, as widely expected, but made no further immediate comment in a decree from the bank&#8217;s monetary council.&nbsp; &nbsp; The National Bank of Hungary has now cut its rate 10 times in a row. At its last meeting &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/28\/hungary-cuts-rate-10th-time-to-4-50\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hungary cuts rate 10th time to 4.50%&#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-38605","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38605","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=38605"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}