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
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »