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.

(BBJ 23.vi.03)