The Monetary Council of the Central Bank of Hungary decided on 21 July 2020 to reduce the base interest rate from 0.75% to 0.6% in order to maintain price stability and support economic recovery from the COVID-19 pandemic. This follows a reduction in the rate from 0.9% to 0.75% in June 2020. MNB Decree 24/2020. (VII. 21.), which sets the 0.6% rate, was published and entered into force on 22 Ju…