BUDAPEST: Hungary's central bank cut interest rates by another 25 basis points to 6 percent on Tuesday, its fourth rate reduction in a row, in line with market expectations.
Hungary's base rate is now a full percentage point lower than in August, when the divided Monetary Council began an easing cycle to unshackle the shrinking economy, saddled with domestic austerity and a slowdown in exports.
Governor Andras Simor will hold a news conference about the decision at 1400 GMT.
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