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HUF Volatility Reinforces NBH stance on 15bp 1w Deposit Differential

HUNGARY
  • Push higher in EUR/HUF diminishes likelihood of a normalisation in the 15bp differential in 1w Deposit rate at 0.75% to the 1w repo at 0.6%.
  • NBH will likely maintain this until FX volatility subsides
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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