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Greenback Advances Vs. Forint After Central Bank Holds Base Rate At 8.5%

"The US dollar gained ground against its Hungarian counterpart on Monday morning after the monetary policy committee of the Magyar Nemzeti Bank or the Hungarian central bank decided to leave its base rate unchanged at 8.5%. Economists had expected the central bank to hike its key interest by 25 basis points to 8.75%. In May, the apex bank hiked the rate by 25 basis points to 8.5%."


More from the source: rttnews.com


27.06.2008

 
 

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