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Press release on the Monetary Council meeting of 22 November 2016 (Central Bank of Hungary)

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(Source: Central Bank of Hungary) 22 November 2016 At its meeting on 22 November 2016, the Monetary Council reviewed the latest economic and financial developments and decided on the following structure of central bank interest rates with effect from 23 November 2016: Central bank interest rate Previous interest rate (per cent) Change (basis points) New interest rate (per cent) Central bank base rate 0.90 No change 0.90 Overnight collateralised lending rate 1.05 -15 0.90 Overnight deposit rate -0.05 No change -0.05 One-week collateralised lending rate 1.00 -10 0.90 In the Council's assessment, Hungarian economic growth continues to pick up from the end of the year following the temporary...

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