Business & Finance
Hungary central bank hikes one-week deposit rate by 15 bps in surprise move
- The move immediately lifted the forint from five-month-lows around 365 versus the euro to around 363.5 per euro.
BUDAPEST: Hungary's central bank unexpectedly raised the interest rate on its one-week deposit facility by 15 basis points to 0.75pc on Thursday after keeping all key rates unchanged earlier this week.
The move immediately lifted the forint from five-month-lows around 365 versus the euro to around 363.5 per euro.
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