central bank economy interest rates Hungary

Hungarian central bank increases interest rate to fight inflation

The Monetary Council of the Hungarian Central Bank (MNB) further increased its key interest rate by 30 points to 2.4 percent on Tuesday in what it said was an ongoing set of measures to combat rampant inflation. Central Bank Vice-President Barnabás Virág said protracted inflationary pressures justifies a long series of base rate hikes, with […]