Free Trial

HUNGARY: NBH Expected to Slow Easing Pace With 25bp Rate Cut

HUNGARY
  • The NBH is expected consider both a 25bp or 50bp rate cut, with consensus leaning towards the former. Deputy Governor Virag has repeatedly stated that he sees the base rate within the 6.75-7.00% range by the end of June, effectively leaving the central bank with just the 25bp, or 50bp, rate cut options.
  • As a reminder, Virag’s presser and the policy statement will be released one hour later than usual (at 15:00BST/16:00CET) due to a scheduling conflict with another event at the central bank. The rate decision itself is at the usual time of 13:00BST/14:00CET.See our full preview, with a summary of sell-side analyst views, here.
  • Separately, EU Affairs Minister Janos Boka will speak about Hungary’s upcoming EU presidency at 13:00BST/14:00CET.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.