Hungarian central bank says Sept rate cut was based on unanimous decision -minutes
BUDAPEST, Oct 9 (Reuters) -A decision by Hungary's central bank to cut interest rates by 25 basis points on Sept. 24 was supported unanimously in the Monetary Council, the bank said in the minutes of the meeting published on Wednesday.
The National Bank of Hungary (NBH) cut its base rate by 25 basis points to 6.5% last month, aided by a fall in inflation and a larger-than-usual cut by the U.S. Federal Reserve.
The NBH will take its decisions on the base rate in a cautious and data-driven manner, deciding month by month, the bank added in the minutes.
Reporting by Krisztina Than
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