Hungarian central bank signals rate cut slowdown

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The Central Bank of Hungary today signalled a willingness to slow and possibly end its easing cycle, after cutting its benchmark interest rate by 25 basis points for the 12th consecutive – and possibly final – time.

The country is still struggling with weak domestic demand, which the central bank's monetary council said "has exerted a strong disinflationary impact" on the economy.

Consequently its members voted to lower the benchmark rate to 4%, which they believe will ensure inflation –

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