Hungary Cuts Rates Sixth Time as Central-Bank Transition Nears

Hungary Cuts Rates Sixth Time as Central-Bank Transition Nears

Balazs Mohai/Bloomberg

The Magyar Nemzeti Bank lowered the two-week deposit rate by a quarter-point to 5.5 percent, the lowest since March 2010 and still the European Union’s highest, matching the forecast of 27 of 28 economists in a Bloomberg survey.