Hungary expected to raise benchmark rate further

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Source: Bloomberg
According to analysts, Hungary is likely to increase its key interest rate to back local securities as country's bailout talks with IMF stay frozen. Economists predict that central bank of Hungary may raise the key two-week interest rate for a third straight month to 7.5%, making the highest interest rate in European Union. Talks with IMF were interrupted after Hungary government approved new central bank law which is said to threaten monetary policy independence. 
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