Forex | Forex | MNB is ready for another interest rate cut (27/07/2009 08:00:21)

MNB is ready for another interest rate cut

Headlines Currencies: MNB is ready for another interest rate cut Czech Republic The Hungarian forint finished the week in a positive mood and the optimistic global sentiment helped it to set a new recovery high of 265.50. Prospects for a global recovery seem to help carry trades to become more attractive and the close to double digit central bank rate puts the forint among one of these. The central bank’s policy making body will meet today and will likely cut the base rate from 9.50%. The most


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