Published: February 28 2023
The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 13.0% at its second interest rate-setting meeting of the year on Tuesday. Despite the consensus decision, the MNB's statements hinted at the potential start of an upcoming rate cut cycle.
- The MNB left the base rate unchanged at 13.0%
- The benchmark rate stands at 18% and is set daily by the Board of Directors
- The statement hinted at the potential start of an upcoming rate cut cycle
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