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National Bank Cuts Key Policy Rate to 16%

Jun 20, 2023

The National Bank of Hungary (MNB) has cut its key lending rate by 1 percentage point to 16%, while leaving the base rate unchanged at 13%. The latter is expected to be lowered when the two converge. According to central bank vice-president Barnabás Virág, there are already signs of improvement in inflation, with a figure […]

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