The bank raised its base rate by 100 basis points
PHOTO
Hungary's central bank left its one-week deposit rate unchanged at 11.75% at a weekly tender on Thursday, as expected.
The bank raised its base rate by 100 basis points to 11.75% last month and pledged further "decisive" action to fight inflation while announcing new steps to tighten forint liquidity in the interbank market. (Reporting by Gergely Szakacs)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
