June 24, 2014
By CentralBankNews.info
Hungary’s central bank cut its base rate by 10 basis points to 2.30 percent, its 23rd rate cut in a row, and said a “further cautious easing of monetary policy may follow” in light of the outlook for inflation and the perceptions of risk associated with the economy.
However, the National Bank of Hungary, which has now cut rates by 470 basis points since embarking on an easing cycle in August 2012, added that rates had now “significantly approached a level which ensures the medium-term achievement of price stability and a corresponding degree of support for the economy.”
(more to follow)
