UPDATE 1-Hungarian central bank keeps up rate cut drive

April 21, 2015 12:14 PM

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BUDAPEST, April 21 (Reuters) - Hungary's central bank cut interest rates by 15 basis points to a new low of 1.8 percent on Tuesday, taking advantage of sub-zero inflation, a strong forint and capital flows into Central Europe's fast-growing economies.

The National Bank of Hungary, run by a close ally of Prime Minister Viktor Orban, launched a new easing cycle last month, cutting its base rate for the first time in eight months, by 15 basis points. It also flagged further cuts.

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