Hungary split on size of cut
The National Bank of Hungary's Monetary Council was split in its recent decision to cut the central bank's key base rate as a result of the recovery in global financial markets, minutes on the 25 January meeting published on Wednesday revealed.
While all agreed that a cut was necessary, the majority of the council's members thought that developments in the perceptions of risks in the Hungarian economy would not allow for too large a rate cut. "Some members, however, noted that the latest
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