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5/26/08

Forbes.com: Hungary central bank ups base rate, monetary conditions to stay strict

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Hungary central bank ups base rate, monetary conditions to stay strict

Hungary central bank ups base rate, monetary conditions to stay strict

Hungary's central bank raised the base rate on Monday and said it would maintain a strict monetary policy in the face of inflationary risks, leaving the door open for another hike. The bank increased the base rate 25 basis points to 8.5 percent in a move anticipated by markets. The bank has now increased interest rates 1 percentage points over the last three months.

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