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Base Rate Held at 13%, Top End of Rate Corridor Cut 100bps

HUNGARY
  • HUNGARY LEAVES BASE RATE AT 13%; EST. 13.00% (BBG)
  • HUNGARY NBH CUTS TOP-END OF RATE CORRIDOR TO 19.5% FROM 20.5% (BBG)
  • The post-decision presser by Governor Gyorgy Matolcsy and expected announcement of the cut to the effective rate will take place at 1400BST/1500CET.

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