Rates round-up: Hungary and Moldova cut rates

Sweden holds rates but lowers inflation forecast

Central Bank of Hungary
The Central Bank of Hungary

Hungary: The Central Bank of Hungary (MNB) cut rates for the sixth consecutive time since October 2023 on March 26. It reduced the key policy rate to 8.75%, which previously peaked at 13% in September 2022.

The MNB highlighted economic recovery in the US and China but called European growth “stagnant”. Domestically, the first quarter of 2024 saw a small uptick in the Hungarian economy, which could become “more dynamic in Q2”, the central bank added.

The construction industry saw double-digit

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