Article25 March 2019Reading time one minute

Why Hungary is bucking the interest rate trend

Hungary's central bank is set to raise interest rates for the first time in eight years. And while it's likely to be a modest step, it comes at a time when other central banks, including the European Central Bank and Federal Reserve, are turning more dovish. So what's going on?

WATCH: Hungary set to hike rates

Hungary's central bank is about to start the process of normalising monetary policy, with a 10 basis point rate hike