Sixth Straight Hungarian Central Bank Rate Cut
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffThe two-week deposit rate of the Magyar Nemzeti Bank has been reduced by 25 basis points to a 34-month low of 5.5% that remains elevated compared to the level of rates elsewhere in Europe. The rate has been cut by a total of 150 basis points since August, and this month’s reduction was authorized in [...]
larrygreenberg @ January 29, 2013