Hungarian central bank cuts base rate by 15 bps to new low of 1.05 pct

April 26, 2016 12:09 PM

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BUDAPEST, April 26 The National Bank of Hungary cut its base rate by 15 basis points to a new low of 1.05 percent on Tuesday, as it tries to bolster economic growth and revive inflation.

The bank also narrowed its interest rate corridor, cutting its overnight lending rate by 15 basis points to 1.3 percent, while keeping its overnight deposit rate on hold.

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