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NBH Lowers Top End of Interest Rate Corridor by 100bps

  • The NBH voted to cut the central bank's O/N collateralised loan rate by 100bps to 16.50%.
  • As a reminder, the decision on the effective rate is usually revealed in the policy statement which is released 1 hour after the decision on the base rate.
  • Little change in EUR/HUF following the in-line with expectations decision.
  • The central bank will hold a news conference from 1400BST/1500CET.

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