25 September 2012

HUNGARY : Budapest Lowers Benchmark...To 6.5%.

http://www.bloomberg.com/news/2012-09-25/hungary-eyes-rate-cut-as-slump-trumps-inflation-concerns.html

     For the 2nd straight month...the central bank has lowered the benchmark rate.
     The 25 bps decrease...to 6.5%...is still the EU's highest rate.
     Investors expect further rate cuts...even as Hungary suffers form 6% inflation.