Hungary’s Central Bank Raises Base Rate to 1.65%

Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.65 percent at a scheduled meeting on Tuesday.
The Monetary Council slowed the pace of the central bank’s tightening cycle after deciding on 30bp base rate hikes at policy meetings in June, July and August, amid spiking inflation.
The council also decided on Tuesday to raise the O/N deposit rate by 15bp to 0.70 percent and the O/N and one-week collateralised loan rates by 15bp to 2.6 …
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Hungary’s Central Bank Raises Base Rate to 1.65%

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