Hungary cuts main interest rate to record low 3.20%
Arab Today
Hungary's central bank (MNB) cut its main interest rate Tuesday to a new record low level of 3.2 percent from 3.4 percent, in line with analyst expectations. The cut, announced on the bank's website, was the 16th in a row in an easing policy begun in August 2012 when the rate was 7.0 percent.
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