Interest rate Economy Hungary News

Hungary hikes interest rate to 13%, highest level in 22 years

On Tuesday, the Monetary Council of the Hungarian Central Bank (MNB) increased its base rate by an unexpected 125 basis points to 13 percent, a 22-year high. MNB governor György Matolcsy said this was the last in a 16-month-long string of base rate hikes. “We have ended the cycle of interest rate hikes that started […]
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