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Hungary's central bank cuts overnight deposit rates by 100 basis points

Hungary's central bank cuts overnight deposit rates by 100 basis points

BUDAPEST, Aug. 29 (Xinhua) The Monetary Council of the National Bank of Hungary (MNB) announced a significant reduction in interest rates for overnight deposit tenders and foreign exchange swap tenders on Tuesday.

Hungary's central bank cuts overnight deposit rates by 100 basis points

BUDAPEST, Aug. 29 (Xinhua) The Monetary Council of the National Bank of Hungary (MNB) announced a significant reduction in interest rates for overnight deposit tenders and foreign exchange swap tenders on Tuesday. The MNB has

It Is Too Early to Talk about Joining the Euro Zone, Says Finance Minister

"We do not need the euro to make a country more stable, but to stabilize the economy so that we can deal with the euro issue in a meaningful way".

Still 'Early' for Euro Adoption, FinMin Says

Finance Minister Mihály Varga said it was still "early" to start speaking about Hungary's eurozone accession at a talk with a central bank rate-setter at the Tranzit festival in Tihany on Saturday, state news wire MTI reports.