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Business & Finance

Hungary central bank keeps one-week deposit rate unchanged at 0.75%

  • The decision came as the Hungarian forint outperformed its central European peers on Thursday as headline inflation slowed more than expected in September.
Published October 8, 2020 Updated October 8, 2020 05:06pm
By

BUDAPEST: Hungary's central bank kept the interest rate on its one-week deposit facility unchanged at 0.75% NBHK on Thursday.

The decision came as the Hungarian forint outperformed its central European peers on Thursday as headline inflation slowed more than expected in September.

The bank will use its one-week deposit rate to combat inflation risks stemming from volatile global sentiment, Deputy Governor Barnabas Virag told Reuters last week.

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