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HUNGARY: Analysts Lack Clear Consensus Over NBH Meeting Outcome

HUNGARY
  • The NBH is expected act in-line with its hawkish messaging and keep rates unchanged at 7%, though substantial risk of a 25bp easing move is noted. Among sell-side, expectations are tilted toward a further 25bp rate cut. The rate decision itself is at 13:00BST/14:00CET, with the policy statement set to be released at 14:00BST/15:00CET.
  • See our full preview of the decision, with a summary of sell-side analyst views, here.
  • Local news flow is otherwise limited this morning. Meanwhile, there are no other major economic releases scheduled for today. Economic sentiment data and average wage data will cross later in the week.

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