Hungary cuts main rate to record low

Note: This section contains information in English only.
Source: Bloomberg
Hungary's central bank decreased the main interest rate from 4.25% to 4.0%, a record low level. This was the 12th monthly cut. The Hungarian Forint depreciated 0.2% to 294.77 versus the Euro at 2:18 p.m. Budapest time. The currency advanced 1.7% in the previous three month. The yield on 10-year bonds dropped from 6.9% to 5.91% yesterday.
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