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Hungary's central bank keeps rate unchanged

Staff writer ▼ | June 22, 2016
Hungary's central bank kept its key interest rate unchanged after lowering it for the third straight month.
Hungary's central bank
Hungary   The Monetary Council of the Magyar Nemzeti Bank
The Monetary Council of the Magyar Nemzeti Bank maintained the base rate at 0.90 percent, in line with expectations.

The bank had reduced rate by 15 basis points each in March, April and May.

In March, the bank had reduced the rate after holding it steady for seven consecutive policy sessions.

The overnight deposit rate, which was cut to negative in March, was left unchanged at -0.05 percent. The lending rate retained at 1.15 percent.


 

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