Hungary Central Bank Holds Key Rates

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Hungary’s central bank left its key interest rates unchanged, as widely expected, on Tuesday.

The Monetary Council of the Magyar Nemzeti Bank decided to hold the base rate at 0.60 percent.

The bank had reduced the rate by 15 basis points each in June and July 2020. The rate cut in June was the first in more than four years.

The overnight central bank deposit rate was retained at -0.05 percent and the one-week collateralized loan rate was maintained at 1.85 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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