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Raiffeisen Bank Rt increases interest rates

Austrian-owned commercial bank Raiffeisen Bank Rt has increased its top deposit interest rate by 2.6% to 9.1% following a National Bank of Hungary Rt (MNB) decision last week to raise the benchmark interest rate, branch manager Róbert Huszár said.

The rate applies to three-month fixed deposits of Ft 5 million or more, he said.

Raiffeisen last raised its rates a few weeks ago when MNB increased the key interest rate by 100 bp.


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