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By Gergely Szakacs
BUDAPEST, Oct 14 (Reuters) – The National Bank of Hungary (NBH) is likely to leave its base rate and overnight deposit rate unchanged on Tuesday after weaker-than-expected September consumer prices data eased some concerns about inflation, a Reuters poll of economists showed.
All 22 analysts in the Oct. 12-14 survey said the NBH would leave its base rate on hold at 0.6% HUINT=ECI. The 10 economists who gave a forecast for the overnight deposit rate said it would also remain steady at -0.05% HUODPO=ECI.
Just two days after keeping rates on hold at its September policy meeting, the bank raised the interest rate on its one-week deposit facility by 15 basis points to 0.75% NBHK on Sept. 24 to arrest a slide in the forint EURHUF=.
Central Europe’s worst-performing unit firmed below the 360 per euro mark last week after data showed Hungarian
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(Bloomberg) — U.S. retailers’ credit cards with the highest cost of borrowing kept the same rate in 2020 as last year even as the Federal Reserve slashed interest rates to near-zero, a report found.
Mastercard Inc. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Mastercard Inc. is scheduled to release earnings figures on October 28.
Credit cards from Big Lots Inc., Discount Tire and several jewelry retailers issued by Comenity Bank and Synchrony Financial maintained annual rates of 29.99%, creditcards.com said Monday in a statement. Ted Rossman, an analyst at creditcards.com, said two cards from Nordstrom Inc. issued by Toronto-Dominion Bank increased their average rates this year.
Those retailers were exceptions, as most other cards cut rates from last year, according to the report from creditcards.com, an online marketplace and information hub. The average retail rate fell