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
In its first meeting in 2010, the Gas Coordination Group, under the chairmanship of the Commission, has focused today on the assessment of the situation on security of gas supply in the EU-27 and countries of the Energy Community and discussed priorities for the work of the Group in 2010.
more »
Luc Van den Brande, President of the EU Committee of the Regions (CoR), has used his first meeting with the President of the European Council, Herman Van Rompuy, to underline the importance of consultation between local, regional and national authorities.
more »
Basile Nkwesi, Directeur Commercial of Multiprint, speaks for dozens of frustrated business managers in this busy enterprise center when he talks about Cameroon’s costly and unreliable electricity.
more »
During 2009, over 2400 new corporate clients, whose total number currently exceeds 16 thousand, began using Bank SNORAS services.
more »
In 2009, the European Investment Bank (EIB) provided EUR 2.5 billion in 16 credit lines for financing the investment projects of SMEs (EUR 1 955 million) and local authorities (545 million) in Spain.
more »
In 2009, the number of counterfeit euro coins removed from circulation was 172 100, down from 195 900 the year before.
more »
Haiti began participating in the International Monetary Fund’s General Data Dissemination System on December 28, 2009, marking a major step forward in the development of its statistical system.
more »
According to the data of NASDAQ OMX Vilnius Stock Exchange, the price of Bank SNORAS registered ordinary shares grew by more than 2.5 times.
more »
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cadbury PLC of the UK by Kraft Foods Inc. of the US by way of public offer.
more »
Statistics Lithuania informs that construction input prices inNovember 2009, against October, dropped by 0.5 percent.
more »