BUDAPEST (Reuters) – Hungary’s central bank will slow the pace of rate cuts from the second quarter, Deputy Governor Barnabas Virag told an online briefing on Tuesday after the bank cut its base rate by 75 basis points to 8.25%, as expected.
Virag said expectations for the base rate to fall to 6.5% to 7% by the end of first half were realistic, adding that a very cautious monetary policy would be needed in the second half.
(Reporting by Gergely Szakacs and Krisztina Than)
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