Hungary Cuts Key Interest Rate After Forint Gain Slows Inflation (opens original article in a new tab)

Hungary's central bank lowered its key interest rate to 6% as the forint's strength helped slow inflation, diverging from other European countries' monetary policies.

• Hungary's central bank cut key interest rate by 0.25 percentage points to 6%
• Forint's 8% gain against euro is reducing import costs and inflation
• Hungary's rate remains higher than Czech Republic and Poland's 3.75%