FOREX TradingCharts.com

Financial News: Hungary Holds Rate Unchanged Again

Hungary Holds Rate Unchanged Again

02/25/2020 - 10:40:00 (RTTNews)

(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, as expected, citing volatile inflation.

The Monetary Council kept the base rate unchanged at 0.90 percent, the Magyar Nemzeti Bank said in a statement.

The previous change in the rate was a 15 basis points cut in May 2016.

The overnight central bank deposit rate was left unchanged at -0.05 percent. In March, it was cut by 10 basis points.

The one-week collateralized loan rate was retained at 0.90 percent.

The monetary policy stance will continue to be accommodative, economic agents' financing costs will be favourable, the bank said in a statement. "A dichotomy remains between the factors determining likely developments in inflation," the MNB said.

"Buoyant domestic demand is boosting, while persistently muted external activity is restraining the pace of inflation."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


World Bank Warns Of Severe Economic Pain In Asia-Pacific Due To Covid-19 (02 hr(s), 32 min(s), 40 sec(s) ago)
(RTTNews) - Developing economies in East Asia and the Pacific are facing the prospect of a global ...Full Story»

U.S. Consumer Confidence Deteriorates Amid Uncertainty About Outlook (04 hr(s), 05 min(s), 40 sec(s) ago)
(RTTNews) - Reflecting a deterioration in the short-term outlook, the Conference Board released a ...Full Story»

UK Grocery Sales Grow At Record Pace In March: Kantar (04 hr(s), 14 min(s), 40 sec(s) ago)
(RTTNews) - UK grocery sales grew at a record rate in March as Britons prepared for a long stay at ...Full Story»

Chicago Business Barometer Dips Much Less Than Expected In March (04 hr(s), 17 min(s), 40 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Tuesday showed a continued contraction in Chica ...Full Story»

Spain Q4 GDP Expands Less Than Estimated (05 hr(s), 57 min(s), 40 sec(s) ago)
(RTTNews) - Spain's economy grew less than initially estimated in the fourth quarter, revised ...Full Story»

German Unemployment Rises Marginally In March (06 hr(s), 21 min(s), 40 sec(s) ago)
(RTTNews) - German unemployment increased less than expected in March ahead of strict containment ...Full Story»

Denmark GDP Expands More Than Estimated (06 hr(s), 25 min(s), 40 sec(s) ago)
(RTTNews) - Denmark's economy grew more than initially estimated in the fourth quarter, revise ...Full Story»

Portugal Jobless Rate Falls In February (06 hr(s), 53 min(s), 40 sec(s) ago)
(RTTNews) - Portugal's unemployment rate decreased in February, figures from Statistics Portug ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

World Bank Warns Of Severe Economic Pain In Asia-Pacific Due To Covid-19

03/31/2020 - 11:56 AM (RTTNews)
(RTTNews) - Developing economies in East Asia and the Pacific are facing the prospect of a global ...Full Story>>

U.S. Consumer Confidence Deteriorates Amid Uncertainty About Outlook

03/31/2020 - 10:23 AM (RTTNews)
(RTTNews) - Reflecting a deterioration in the short-term outlook, the Conference Board released a ...Full Story>>

UK Grocery Sales Grow At Record Pace In March: Kantar

03/31/2020 - 10:14 AM (RTTNews)
(RTTNews) - UK grocery sales grew at a record rate in March as Britons prepared for a long stay at ...Full Story>>

Chicago Business Barometer Dips Much Less Than Expected In March

03/31/2020 - 10:11 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Tuesday showed a continued contraction in Chica ...Full Story>>

Spain Q4 GDP Expands Less Than Estimated

03/31/2020 - 08:31 AM (RTTNews)
(RTTNews) - Spain's economy grew less than initially estimated in the fourth quarter, revised ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.