Hungary’s Banks Get Ready for Easing by Cutting Rates: Chart

Hungary’s three-month interbank rate has fallen below the central bank’s benchmark deposit rate for the first time since April as lenders cut the amount they charge each other in anticipation of a new round of monetary easing next month. National Bank of Hungary Vice President Marton Nagy said last month policy makers will give details in September of plans to move cash from deposits to government securities and the interbank market to help influence borrowing costs for trillions of forints in loans.

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