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HUNGARY: MNI NBH Preview – September 2024

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • The National Bank of Hungary is expected to resume its easing cycle with a 25bp cut to the base rate, taking it to 6.50%, following a pause in August.
  • Since the previous meeting, the Fed has begun its easing cycle with a bold 50bp cut while the latest domestic inflation data has come in below expectations, offering NBH officials greater room for manoeuvre.
  • The Council is likely to stick to a relatively cautious tone, but could signal the possibility of another rate cut before year-end.
  • See the full preview, with a summary of sell-side analyst views, here.
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  • The National Bank of Hungary is expected to resume its easing cycle with a 25bp cut to the base rate, taking it to 6.50%, following a pause in August.
  • Since the previous meeting, the Fed has begun its easing cycle with a bold 50bp cut while the latest domestic inflation data has come in below expectations, offering NBH officials greater room for manoeuvre.
  • The Council is likely to stick to a relatively cautious tone, but could signal the possibility of another rate cut before year-end.
  • See the full preview, with a summary of sell-side analyst views, here.