EBRD: Hungary Lending Program Limits Scope For Rate Cuts

    The Wall Street Journal
    By The Wall Street Journal

    The Hungarian central bank's new lending program undermines the country's monetary policy and may limit the scope for further cuts in interest rates, a top official at the European Bank for Reconstruction and Development said Tuesday.

    Original: http://blogs.wsj.com/emergingeurope/2013/06/18/ebrd-hungary-lending-program-limits-scope-for-rate-cuts/?mod=WSJBlog
    By: Margit Feher
    Posted: June 18, 2013, 7:13 pm

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