Wednesday, Oct 22, 2008
Hungary Raises Benchmark Rate to Defend Its Currency
bloomberg: Hungary Raises Benchmark Rate to Defend Its Currency
Hungary's central bank raised the benchmark interest rate by 3 percentage points today, after a series of earlier measures to prop up the forint failed to halt the flight of investors from local assets.
Posted by mark @ 11:52 AM (196 views) Add Comment
1 Comment
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1. who stole my pension? said...
I wonder how long it will be before the BoE has to raise interest rates to stop a run on sterling?