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Hungarian central bank cuts key rate to record low 4.50%

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(Globalpost/GlobalPost)

Hungary's central bank cut its main interest rate by 25 basis points on Tuesday to a record low level of 4.50 percent, in its 10th monthly cut in a frow.

"The Monetary Council has decided to lower the base interest rate by 25 basis points to 4.50 percent," the MNB said in a statement on its website.

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http://www.globalpost.com/dispatch/news/afp/130528/hungarian-central-bank-cuts-key-rate-record-low-450