Hungary slashes rates for fourth time since July

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The National Bank of Hungary cut rates for the fourth time in as many months on Monday, lowering its benchmark rate from 7.5% to 7%.

"In the Monetary Council's judgement, the risk that inflation will fall significantly below the 3% target over the medium term has increased," the central bank said. The cut was widely expected by analysts.

The central bank loosened monetary policy for the first time this year in July, when it slashed rates by a full percentage point against expectations. It was th

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