The Monetary Council of the Central Bank of Hungary decided on 23 June 2020 to reduce the base interest rate from 0.9% to 0.75% in order to maintain price stability and support economic recovery from the COVID-19 pandemic (first reduction since May 2016). MNB Decree 19/2020. (VI. 23.), which sets the 0.75% rate, was published and entered into force on 24 June 2020. With respect to taxes, the b…