However, Pleschinger later told the website portfolio.hu that the facility would not be phased out, apparently walking back from his earlier comments. Several members of the banks board had earlier indicated that Wednesdays move might be coming, as the bank was not ready to tolerate high inflation. Signs of further mounting price... The bank meets next Tuesday to discuss interest rates and will also publish updated economic forecasts. It raised its two-week repo rate to 0.5% from 0.25% and adjusted its Lombard rate, the cost of short-term loans to commercial banks, upward by the same amount.
Pleschinger later told the website that the facility would not be phased out. Because banks bear a heavy impact on the economy.
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Pleschinger later told the website that the facility would not be phased out . Because banks bear a heavy impact on the economy .
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