Hungary pays loan
BUDAPEST: Hungary’s central bank said on Wednesday it had fully repaid a multi-billion-euro loan it took out in 2008 from international lenders to prop up its wobbling economy during the financial crisis. The EU member state had been forced to borrow around 20 billion euros ($22.6 billion) from the International Monetary Fund, the European Union and World Bank after it was frozen out of bond market at the height of the global financial crisis. But the country’s economy has grown steadily over the past four years, with inflation and interest rates dropping to record lows.