The Magyar Nemzeti Bank hiked its central bank base rate by another 50 basis points to 7.00% from 6.50%. The Bank said: "The Monetary Council decided to raise the base rate by 50 basis points in view of increased perceptions of the risks associated with the economy and upside risks to inflation. If risk perceptions and the outlook for inflation deteriorate significantly further, it may prove necessary to raise interest rates again."
hungary, monetary council, magyar nemzeti bank, hungary central bank, hungary central bank raises, bank base rate, monetary policy, central banks, macroeconomics, inflation, economy of hungary, hungarian forint, hungarian national bank, interest rate, www.centralbanknews.info
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