Hungary's Central Bank Lowers Key Interest Rate By 25bps To 6.25%

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Monday, Hungary's central bank lowered its key interest rate by 25 basis points, surprising markets which expected a 50 basis points reduction.

The Magyar Nemzeti Bank lowered its base rate to 6.25% from 6.50%, effective from December 22. It was the seventh reduction this year.

Monday, Hungary's central bank lowered its key interest rate by 25 basis points, surprising markets which expected a 50 basis points reduction. (Market News Provided by RTTNews)