Hungary's central bank again lowered its benchmark interest rate by 50 basis points, from 10.5 to 10 percent, the bank said.
Published:
24 November 2004 y., Wednesday
Hungary's central bank again lowered its benchmark interest rate by 50 basis points, from 10.5 to 10 percent, the bank said.
The rate cut was expected by the markets because Hungary's national currency, the forint, strengthened last week against the main foreign currencies and inflation has dropped.
"Decreasing the rate by 50 basis points has been possible firstly because the inflation rate is decreasing and the tendency shows that it is likely to continue to decrease," the bank said in a statement on its website.
Inflation has shown a downward trend after peaking at 7.6 percent in May. Last month it rose by a relatively low 0.5 percent compared to September and by 6.3 percent compared to October 2003.
The central bank on October 18 also cut the benchmark interest rate by 50 basis points, but the rate remains the highest in the European Union
Šaltinis:
story.news.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »