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CPI Marginally Lower, but Will Not Soothe NBH's Cautious Approach

HUNGARY
  • DEC. CONSUMER PRICES RISE 0.3% M/M; EST 0.4%
  • DEC. CONSUMER PRICES RISE 2.7% Y/Y; EST 2.8%
  • Print comes in marginally below expectations, but will do little to offset the NBH's cautious approach for now - CPI comes after MPC comments this morning:
  • HUNGARY'S VIRAG BACKS `CAUTIOUS' MONETARY POLICY
  • HUNGARY NEEDS `SAFE DISTANCE' FROM ZERO RATE
  • HUNGARY NBH FOCUS IS CPI, NOT FORINT LEVEL
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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