Another historic low base rate and T-bill yield

Another historic low base rate and T-bill yield

In accordance with everyone’s expectations, Hungary’s central bank has cut the base rate to 3% this afternoon. This has been accompanied by a new record low yield 2.88% on Hungarian 3-month Treasury bills this morning.

What is quite interesting is that the Hungarian Forint got a bit stronger after the decision was announced at 14:00!

EUR/HUF exchange rate today

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1 Comment

  1. Zoli

     /  17/12/2013

    Forint started firming due to Curia decision. It is however impresive that despite record low interest rates, Forint is still well above all time low of 320.

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