HUNGARY: Budapest Lowers Benchmark To New Low...5.25%.

       The CBank reduced its benchmark for the 7th straight month...by 25 bps...to a low 5.25%...last seen in 2010.
       Some economists predict further cuts...possibly to 4.25%...as Budapest struggles to fight recession and slow growth.
      A newspaper says an unnamed source confirms that EconMin Gyrogy Matolcsy will be named as new CBank head...replacing Andras Simor.
http://www.bloomberg.com/news/2013-02-25/hungary-to-cut-main-rate-to-record-low-to-fight-recession.html