http://www.bloomberg.com/news/2013-01-28/hungary-set-for-sixth-rate-cut-before-central-bank-change.html
Despite outgoing and harassed Governor Andras Simor's opposition...the central bank cut its benchmark interest rate for the 6th month...by 25 bps...to 5.5%.
The new rate is still the EU's highest.
The 2-week deposit rate is at its lowest...since 2010.
Simor's 6-year term ends on 03 March.
PM Viktor Orban's likely replacement for Simor...Economy Minister Gyorgy Matolcsy... is already causing consternation in the EU and with foreign investors...over possible money easing policies.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.