At its today’s rate setting meeting, the monetary council cut the base rate by 50bp, to 8%, in line with our expectation and the market consensus. As usual, the statement of the council on the decision will be available and the governor’s press conference will start at 14.30.
Short Note
Hungary: CB cut the base rate by 50bp, to 8%
Mon, Aug 24 2009, 12:16 GMT
by
Orsolya Nyeste
- Erste Bank
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