NATIONAL BANK OF HUNGARY: BASIC TYPE FIXED INTEREST UP TO 3%
Hungary News: January 2014
The National Bank of Hungary (MNB), through the Monetary Council has followed the downward path of the reference interest rate, this time the drop was 20 basis points, leaving the base rate set in Hungary in 3%.
During the past 17 months the National Bank of Hungary has opted for the lowering of interest rates, reducing the cost of money, lowering the loans, thus encouraging consumption while supporting economic recovery in Hungary.