Hungary central bank cuts rates further to help economy
BUDAPEST (Reuters) - Hungary's central bank cut interest rates by a quarter percentage point on Tuesday, delivering its second rate cut in just four weeks to aid the recession-hit economy.
The bank reduced its base rate to 6.5 percent in line with positioning in local markets but -- similarly to last month -- in contrast with analysts' median forecast for steady rates in a Reuters poll.
Central bank Governor Andras Simor will hold a news conference about the decision at 1300 GMT, when the bank will also release key forecasts from its fresh quarterly inflation report.
(Reporting by Krisztina Than/Gergely Szakacs)
- Tweet this
- Share this
- Digg this
- Missing Malaysian jet may have disintegrated in mid-air - source
- EXCLUSIVE - Malaysia plane probe narrows on mid-air disintegration - source
- Afghanistan's powerful Vice President Fahim dies
- India set to challenge U.S. for election-spending record
- Interpol says use of stolen passports on flights "of great concern"
A missing Malaysia Airlines jetliner may have turned back from its scheduled route before vanishing from radar screens, military officers said on Sunday, deepening the mystery surrounding the fate of the plane and the 239 people aboard. Full Article