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Hungary: NBH rate decision

Posted by Erste Bank der oesterreichischen Sparkassen AG in September 29th 2008  
Central bank kept the base rate on hold at 8.50% At its today monetary meeting, the monetary council kept the base rate on hold at 8.50%. The decision did not come as a surprise, expectations for the outcome of this meeting had been unanimous. The main points of the statement of the monetary council are as follows: • the Hungarian economy is characterized by modest growth and a slow decline in inflation • uncertainties stemming from global trends have significantly increased • the current

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Filed under: Fundamental