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Hungarian Central Bank Holds Interest Rate

Hungary's central bank on Monday decided to keep its benchmark base rate unchanged at 6 percent for the second straight month. The decision was in line with economists' expectations.

In January, the central bank raised the key rate by 25 basis points to its current level. The central bank resumed the rate hike in November after holding it steady for six meetings.

Consumer price inflation edged up to 4.1 percent in February from 4 percent in January. Inflation has been running above the 3 percent target since March 2009.

by RTT Staff Writer

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