Hungary Cuts Interest Rate Again To Jolt Economy.

BLOOMBERG.

"Hungary’s central bank cut its benchmark interest rate to the lowest in 17 months to help jolt the nation out of its worst recession in almost two decades as a steep decline in domestic demand keeps inflation in check.

The Magyar Nemzeti Bank lowered the two-week deposit rate to 8 percent from 8.5 percent.

Rates may fall further as the economy is in its worst recession in 18 years and declining demand eases price pressures."