1:13 PM · 27 July 2021

BREAKING: Hungarian Central Bank unexpectedly raises base rate to 1.20%

The Central Bank of Hungary (MNB) raises interest rates more than expected. The main rate is now 1.2%, while analysts expected a hike to 1.1%, compared to 0.9% previously. So we have a move of 30 basis points, which is more than the standard 25 basis points for the world's major central banks.

HUF is strengthening against the EUR following the central bank decision. Source: xStation5

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