July 12th, 2020 AAAA
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Sun 12 July 2020
Warszawa (PL)
 
15/12°C
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28 17 21 20 22
Sun 12 July 2020
Praha (CZ)
 
15/9°C
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32 18 22 23 24
Sun 12 July 2020
Bratislava (SK)
 
17/12°C
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31 25 23 24 25
Sun 12 July 2020
Budapest (HU)
 
15/15°C
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NBH deputy governor to propose additional 15 bp base rate cut in July

June 26th, 2020

The new deputy governor of the central bank, Barnabas Virag, said he would propose an additional 15 basis point cut in the base rate to the next meeting of the monetary council in July. He said after a July reduction, however, no further cuts should be made to the base rate, as a rate of 0.6 percent would be appropriate for supporting economic recovery while strengthening financial stability, adding that any further reductions after July could be ruled out.


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