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BUDAPEST, April 25 (Reuters) - The National Bank of
Hungary slashed the top of its interest rate corridor by 450
basis points to 20.5% on Tuesday, while leaving other rates
unchanged, in what it called a "multi-step process" towards
policy normalisation.
With many economists saying inflation in central Europe has
peaked, the Hungarian central bank's move sets the stage for the
region's first rate cut since 2021, when policymakers began
tightening sharply to quell surging inflation.
(Reporting by Krisztina Than and Gergely Szakacs)
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