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Hungary cuts cost of borrowing again

5 years ago16 views

Hungary's central bank has cut its main interest rate to a record low of 4.25 percent. It was the 11th straight monthly reduction - each time by a 0.25 percent.

Policy makers have said they want to take advantage of the fact that inflation is near its lowest in almost 39 years to cut rates and boost growth

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http://www.euronews.net/

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