Economics
Hungary Delivers Expected Rate Hike After Russia Attacks Ukraine
- Central bank raises key interest rate 30 basis points to 4.6%
- Conflict in Ukraine is adding to inflation risks across region
Shoppers wear protective face masks in the Grand market hall in Budapest, Hungary.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Hungary raised its key interest rate as expected as Russia’s overnight invasion of Ukraine failed to sway the central bank to deliver a bigger monetary tightening than planned.