Central Bank Lowers Rate To 1.35%, Ends Easing

News: The National Bank of Hungary on July 21 lowered its benchmark interest rate by 15 basis points (bps) to a record low of 1.35%, surpassing estimates of a 10 bps cut forecast by the majority of analysts in a Bloomberg survey. Following the decision, central bank governor Gyorgy Matolcsy announced an end to the rate-cut cycles after five months of easing, stating that the bank will keep its benchmark at 1.35% 'for a very long time'. The monetary authority, which had continued easing...

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