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Hungary Further Slows Rate Cuts to Help Anchor Volatile Forint

(Bloomberg) Hungary further slowed the pace of cuts to the European Union’s highest key interest rate, with policymakers seeking to anchor the volatile forint in a riskier economic environment. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosThe

Hungary Eyes 'Soft Landing' on Interest Rates, Pleschinger Says

Hungary central bank seen defying government pressure to accelerate rate cuts

The National Bank of Hungary is expected to cut its base rate by another 75 basis points to 11.5% next Tuesday, a Reuters poll showed, with the bank under pressure from Prime Minister Viktor. -November 17, 2023 at 06:15 am EST - MarketScreener

National Bank of Hungary Cuts Base Rate

For the first time in three years, the Monetary Council of the National Bank of Hungary (MNB) has lowered the base rate, reducing the effective interest rate a touch more than was expected to 12.25%. The last time the MNB cut the base interest rate was in July 2020, during the coronavirus epidemic, to 0.6%. At the same time, the decision also means that the pace of interest rate cuts has slowed down, albeit only minimally.

UPDATE 3-Hungary central bank trims key rate but flags inflation risks