Hungarian central bank cuts base rate to 0.60 pct

BUDAPEST, July 21 (Xinhua) -- The Hungarian central bank MNB cut its base rate from 0.75 percent to 0.60 percent on Tuesday.

"At its meeting on July 21, 2020, the Monetary Council of the central bank reviewed the latest economic and financial developments and decided on the following structure of central bank interest rates with effect from July 22, 2020: Central base rate changes from 0.75 to 0.60 percent," MNB said in a statement.