BUDAPEST (Reuters) – Hungary’s central bank left its one-week deposit rate unchanged at 4.3% on Thursday, helped by recent gains in the forint, which is trading near four-month-highs versus the euro.
The central bank uses the one-week deposit facility to tackle short-term market volatility. It raised its base rate by 50 basis points to 2.9% in January, delivering its biggest rate increase since late 2011 to combat rising prices.
(Reporting by Gergely Szakacs)
