Markets  |  January 29, 2013 16:30:00

Hungary reduced the interest rate

The Hungarian central bank today lowered its key interest rate by 25 basis points to 5.5 percent. Hungary this step, trying to stimulate the economy and promote economic growth. Hungarian interest rate is thus found itself on the lows from November 2010. Hungarian economy in the long run suffer recession compounded by austerity measures of the government.

Currency pair USDHUF in recent days found themselves on the border consolidation. On the daily chart we can see a bearish flag that the puncture could have a greater impact on the movement.

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