Cbank lowers key rate by 20bp to 3.0pc

Budapest, December 17 (MTI) – The National Bank of Hungary’s Monetary Council decided to lower the central bank’s key rate by 20 basis points to 3.0 percent at a meeting today.

Analysts had widely expected a 20-basis-point cut.

After the previous meeting, in November, the Council said “further cautious easing of policy might follow” taking into account the outlook for inflation and the real economy as well as risk perceptions associated with the economy.

Photo: felnott.hu

Source: http://hungarymatters.hu/

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