Hungary to Play It Safe With Interest-Rate Cut
11/21/2023 13:09
Hungary’s central bank is poised to maintain the pace of monetary easing, resisting government pressure for a bolder move in lowering the European Union’s highest borrowing costs.
Hungary’s central bank is poised to maintain the pace of monetary easing, resisting government pressure for a bolder move in lowering the European Union’s highest borrowing costs.
The National Bank of Hungary will cut its main interest rate by 75 basis points to 11.5% on Tuesday, according to 18 of 20 economists in a Bloomberg survey. That would be the same-sized reduction as last month. The decision will be announced at 2 p.m. in Budapest, followed by a statement and likely briefing an hour later.