Hungary cenbank slashed top of rate corridor in unanimous April vote -minutes

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, May 10 (Reuters) - Hungary's central bank voted unanimously to cut the top of its interest rate corridor by 450 basis points to 20.5% last month while leaving all other interest rates unchanged, it said in the the minutes of its April 25 policy meeting on Wednesday. "The central bank would take into account the persistence of improvements in risk perceptions at the following policy meetings before making a decision to setting the interest rate conditions of overnight instruments," it said. (Reporting by Gergely Szakacs)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.