Hungary’s central bank (MNB) has cut its main interest rate to the record low of 2.1 per cent, marking the end of a two-year-long monetary easing cycle.
The bank said the base rate has reached the level which ensures the medium term inflation goal of 3 per cent and continued economic growth.
Hungary suffered its second recession in four years in 2012, but began to rebound last year.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team