FX.co ★ Hungary Reduces Interest Rates to 9% in February 2024

In a recent move to stimulate economic growth, Hungary has cut its interest rates from 10% to 9% in February 2024. This decision marks a significant shift from the previous indicator and is aimed at boosting borrowing and spending in the country. The data was updated on 27th February 2024, indicating a timely adjustment by the Hungarian central bank to support the economy. This rate cut is expected to have implications on various sectors, including lending, investments, and overall economic activity in Hungary. As the country navigates through economic challenges, this interest rate reduction could provide a much-needed stimulus for businesses and households alike.