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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.
Published September 24, 2020

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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