Hungary Central Bank Signals More Cuts on Inflation

Hungary’s central bank continued Europe’s longest uninterrupted monetary-easing cycle and said it may reduce the benchmark rate further from a record low after inflation stayed below zero for a second month.

Policy makers in Budapest today cut the two-week deposit rate to 2.3 percent from 2.4 percent, matching the median estimate of 19 economists in a Bloomberg survey. “Further cautious monetary easing may follow,” the Monetary Council said in a statement.