In an effort to to stimulate growth and inflation, the Hungarian National Bank said this week that it will keep interest rates at 0.9 percent for the second month in a row. The central bank has sliced rates from 1.35 percent since the start of the year to a historic low. Consumer prices fell by 0.2 percent y-o-y in May and June. Inflation has not topped the 1-percent mark for three years, according to bank statistics. In August 2012, the country’s interest rates were at 7 percent.
