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HUNGARY: Virag Says Expectations of 1-2 More Rate Cuts This Year Realistic

HUNGARY
  • Deputy Governor Virag’s post-decision press conference slides can be found here.
  • Most notably, Virag said expectations of 1-2 more rate cuts by year-end are realistic, and that “The latest inflation data, which is better than market expectations, does not change the expected inflation path, but in addition to the strengthening of the country's risk perception, it allowed earlier implementation of the interest rate cut.”

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