Hungarian rate falls to record low
The National Bank of Hungary cut its base rate by a quarter point to 5.75% on Monday on signs that other economies in the region would continue to outperform Hungary's.
The rate is now the lowest in the history of the central bank, founded in 1990. The bulk of analysts predicted the cut - the eighth in a row of a cycle that started in July 2009 and has seen the benchmark rate plunge 375 basis points.
The central bank's Monetary Council expected growth to resume in the latter half of this year
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