Economics
Hungary Likely to Back Quarterly Rate Hike, Pleschinger Says
- Central bank to scrap gap between base rate, 1-week deposit
- Pleschinger says rate hikes mustn’t undercut economic growth
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Hungary will probably embark on its impending monetary tightening campaign with quarterly interest-rate hikes to rein in the European Union’s fastest inflation without undercutting the economy’s rebound, a central banker said.