Hungary's Central Bank cut interest rates by 25 basis points

The Central Bank of Hungary Hungary 21-the National Bank decided to benchmark interest rates by 25 basis points to 6.25%. The line said that international financial environment improved uncertainty persists, the Central Bank cuts benchmark interest rate increases should not be too large.

In October last year, the International Monetary Fund (IMF), the EU decided to Hungary respectively provide 150 billion, billion loan to Hungary's economic stability, avoiding Hungary economic collapse affected the stability of the EU economy. For block appears on the speculative currency HUF Hungary, Hungary National Bank Monetary Committee on 22 October last year decided to benchmark interest rate by 8.5% to 11.5%. Since then, the Central Bank has lowered interest rate 10 times.

The Monetary Committee of the National Bank of Hungary considered that Hungary's economy in the wake of the recession this year, next year may enter the growth track, next year's inflation rate may be lower than the Central Bank of 3% target.