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- Hungary: Monetary Policy
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The Hungarian Central Bank surprisingly raised its key policy rate by 50 basis points to 8.0% at the conclusion of today?s monetary policy meeting. The Bloomberg News consensus forecast was for a 25-basis point hike. Consumer price inflation is far above the target and the Hungarian forint is weakening. Both factors are demanding higher rates. But economic growth is very weak and higher interest rates will delay the economic recovery….
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31 Marzo, 2008| Economy |
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