By CentralBankNews.info
Hungary’s central bank cut policy rate for the 16th time in a row, trimming its base rate by another 20 basis points to 3.20 percent, a move that was largely expected.
The National Bank of Hungary, which has now cut rates by 255 basis points this year and by 380 points since August last year when it began its current easing cycle. The central bank did not give any immediate explanation for its decision.