Central Bank of Hungary rate cut streak hits 23

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The Central Bank of Hungary continued its monetary easing cycle today, cutting its benchmark interest rate for the 23rd month in succession – though the end of the cycle might now finally be in sight.

The central bank's monetary council has cut rates every month since August 2012, on account of "subdued" medium-term inflationary pressures and the degree of spare capacity in the economy.

Since starting the easing cycle the council has cut its benchmark rate from 7% to 2.3%, though this has genera

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