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Barclays on NBH

HUNGARY
  • NBH looks for a 100bp rate hike, to 5.40%, up from its previous call for a 75bp hike.
  • The change in the call is driven by the further deterioration in inflation outlook and the recent weakness in FX.
  • The NBH is also likely to raise its weekly deposit rate 40bp, to 6.55%, on 28 April.

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