Hungarian PM calls for central bank rate cut

Hungarian Prime Minister Ferenc Gyurcsany was quoted as saying on Thursday 18 November that he wanted the Hungarian central bank to cut interest rates to help the wider economy.

Gyurcsany's comments came amid widespread concern the government is trying to encroach on the central bank's independence. The ECB recently commented on the matter.

Hungary's key interest rates stand at 10.5 percent, the highest in the European Union.

Gyurcsany is currently pushing a bill in parliament that would allow

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