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HUF Rallies as NBH Raise Rates by Larger Margin Than Expected

NBH
  • NBH raise interest rates by a larger margin than expected, with a 125bps rate rise to 13.00% vs. Exp. 100bps rate rise to 12.75%.
  • Bank statement here: https://www.mnb.hu/letoltes/mnb-rendelet-2022-09-2...
  • EUR/HUF immediately lower on the move, narrowing the gap with the Monday low at 404.88. Larger rate hike than expected.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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