News in Brief
NBH rate-setters cut base rate by 75 basis points
NBH deputy governor Barnabás Virág had flagged a 75 bp cut — the same as at the policy meeting in October — days earlier.
Central Bank
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News in Brief
Hungary's Central Bank rate-setters cut base rate by 75 basis points to 12.25%
The Monetary Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 11.25% and the O/N collateralised loan rate to 13.25%.
News in Brief
Central bank expects inflation to fall “moderately” in coming months
András Balatoni said disinflation is expected to accelerate in the second half of the year and return to the central bank tolerance band in 2024.