Hungary Central Bank Raises Base Rate to 1.80%

Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.80 percent at a scheduled meeting on Tuesday.
The rate-setters continued a tightening cycle started in June, albeit at a slower pace than in the summer months when rates rose 30 basis points each month. Policymakers had signalled in September that the 15 basis point increase that month would be indicative of hikes in the following months.
The Council also decided on Tuesday to raise the overnight deposit rate by 15 …
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Hungary Central Bank Raises Base Rate to 1.80%

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