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
Trending On Reuters
India has asked YouTube to remove all links to a controversial documentary about the gang rape and murder of a woman in Delhi after banning its broadcast, a government official told Reuters on Thursday. Full Article
PM Modi to ramp up help for Indian Ocean nations to counter China influence Full Article