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HUNGARY: NBH Rate Decision Coming Up (13:00BST/14:00CET)

HUNGARY
  • Despite headline inflation coming in below expectations in June, Deputy Governor Virag said the central bank will not overreact to a single positive data-point - though he also stated that a rate cut will be considered this month.
  • Accordingly, there is no consensus among sell-side over the outcome of this afternoon’s decision, though expectations are tilted toward a 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.

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