The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%.
The economic fundamentals released over the recent months have led the council to believe that the currently prevailing positive trends, which surpassed forecasts made late last year and earlier, will remain to stay.
According to the council, the need to stabilize the current economic situation and preserve investor confidence necessitates a cautious interest rate policy.
Source: Budapest Business Journal
