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HUNGARY: Virag Flags Likely Pause in Rate Cuts: Reuters

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion

"The developments which have unfolded since the end of September justify that in this environment the scope for decisions has definitely shifted towards pausing the rate cut cycle," NBH Deputy Governor Virag told Reuters in an interview. Other headlines from the interview largely strike similar notes to those given in an investor call earlier in the week:

  • “Intensity of geopolitical conflicts has increased, expectations for U.S. Interest rate path have shifted higher”
  • “Asked about any policy commitment for the remainder of the year, says the scope for decisions has definitely narrowed”
  • “Increase in commodity prices, deterioration in emerging market risk appetite have an impact on inflation path”
  • “Recent developments further strengthen the need for a disciplined and tight monetary policy”
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"The developments which have unfolded since the end of September justify that in this environment the scope for decisions has definitely shifted towards pausing the rate cut cycle," NBH Deputy Governor Virag told Reuters in an interview. Other headlines from the interview largely strike similar notes to those given in an investor call earlier in the week:

  • “Intensity of geopolitical conflicts has increased, expectations for U.S. Interest rate path have shifted higher”
  • “Asked about any policy commitment for the remainder of the year, says the scope for decisions has definitely narrowed”
  • “Increase in commodity prices, deterioration in emerging market risk appetite have an impact on inflation path”
  • “Recent developments further strengthen the need for a disciplined and tight monetary policy”