Hungary raises rates for second month

Hungary’s central bank raised interest rates for a second consecutive month in December 2010 in response to worries about inflation, a decision that risked exacerbating a dispute with the government over monetary policy.

Website: Magyar Nemzeti Bank (MNB): Central Bank of Hungary http://english.mnb.hu/

MNB: Press Release, 20.12.10: Interest rate conditions of the Magyar Nemzeti Bank effective from 21 December 2010 http://english.mnb.hu/Root/Dokumentumtar/ENMNB/Monetaris_politika/mnben_monetaristanacs/mnben_monet_kozlem/KV101220eng.pdf

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