Interest rate round-up

A number of central banks adjusted their interest rates in the last week, some in line with market expectations and others providing a surprise.

Romania cut its interest rate by 0.75% to 17% on Thursday 16, in line with expectations following the downward trend in inflation.

Hungary also cut its rate by 0.5% to 9.5% on Monday 20. Inflation has been falling in Hungary and the bank has been under pressure to cut rates which remain the highest in the EU.

Colombia reduced its interest rate by 0.25%

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