Hungarian central bank cut its benchmark interest rate by 25 basis points to 6%.

<P> 25 National Bank of Hungary decided to cut the benchmark interest rate from 6.25% to 6% by 25 basis points. .</ P> <P> National Bank 希莫尔安德 Rush said at a news conference, the day of the Monetary Board meeting cut in interest rates on the two proposals, one is down 25 basis points, one is down .50 basis points, the majority of Monetary Council members voted in favor of the final cut of 25 basis points. .</ P> <P> National Bank of Hungary Monetary Council issued a statement the same day that the international financial environment reduced the benchmark interest rate offers the possibility of care, as long as country risk assessment to allow, and in accordance with inflation and real economic development in specific circumstances, to continue down .benchmark interest rate is possible. .</ P> <P> Monetary Board believes that the Hungarian economy has experienced major depression last year after the mid-2010 may be entered in the growth path. .However, as domestic demand is small, the Hungarian economy's recovery may be later than the developed countries and other countries in Central Europe. .</ P> <P> 2008, after years of financial crisis, the Hungarian forint in order to prevent speculative trading, the National Bank Monetary Council decided on October 22 that year will be the benchmark interest rate from 8.5% to 11.5%. .To date, the National Bank Monetary Council is the benchmark interest rate 11 times lower, which are 8 by 50 basis points rate cut, a reduction from 100 basis points, the two most recent rate cut of 25 basis points. .</ P>.