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HUF Strength Adds Weight to Possible Reversal Of 15bp Deposit Rate Hike

HUNGARY
  • Continued HUF strength & moderating inflation could see more pressure on the NBH to reverse the 15bp hike to the 1w deposit rate
  • This would normalise with the 1w repo at 0.6%.
  • May not come at next week's meeting as the NBH will likely opt to retain a cautious stance, but could be implemented in Jan/Feb
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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