BUDAPEST, Feb 28 (Reuters) - The National Bank of
Hungary (NBH) left its base rate unchanged at 13% on
Tuesday, as expected, defying government pressure to cut
borrowing costs amid a sharp economic slowdown.
The decision, seen by some economists as a test of the
central bank's independence, was in line with the unanimous call
of analysts in a Reuters poll last week. The forint traded up at 378 versus the euro after the announcement.
(Reporting by Gergely Szakacs and Jason Hovet)
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