Hungary minutes show calls to slow rate of cuts


Two members of the National Bank of Hungary's (NBH) nine-strong monetary policy council wanted to cut rates by just 10 basis points at their meeting in December – but were outvoted by a majority, which nevertheless agreed that "a reduction in the pace of policy easing could be warranted in the future".

The NBH has cut rates by 20 basis points at each of its monthly meetings since August 2013, and December's proved to be no exception. The two dissenters from the prevailing view, external members

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