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ING Sees 100Bps Hike In Base Rate, 30bps Hike In Depo Rate

HUNGARY
  • Incoming data don’t sharply contradict the central bank's March forecast.
  • ING sees a maintained pace of tightening, hiking the base rate and the 1-week deposit rate by 100bp and 30bp, respectively.
  • Even with hawkish forward guidance, ING does not envision a marked Hungarian forint strengthening, but ING sees room for higher market rates.

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