Hungary plays safe, decides against rate cut

BUDAPEST (Reuters) - Hungary's central bank kept interest rates steady for a seventh consecutive month on Tuesday as renewed worries about the euro zone pose risks to confidence in the forint, overruling calls by some rate-setters for looser policy to shore up a weak economy. The start of talks with the IMF last week after an eight-month delay had boosted optimism about Hungary's finances and raised the outside chance of a rate cut on Tuesday... full story