Hungary's central bank (MNB) cut its base rate by a quarter of a point to a record low of 4.50 percent on Tuesday amid strong economic results recently and with analysts predicting more cuts to come. This was the 10th monthly reduction in a row since an easing cycle began last August in a bid to stoke demand and investment and lift the country out of recession.
The national currency the forint, which has been trading strongly against the euro recently, firmed further on the announcement although it slipped back later.