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Inflation Expected To Accelerate To 8.9% In April

HUNGARY
  • Next week, important data to watch will be CPI inflation coming on May 10, expecting to accelerate to 8.9% in April.
  • Cabinet minister Gulyas recently mentioned that CPI inflation would be at 13% in the absence of price caps (instead of 8.5% in March).
  • 'Positive' inflation surprise combined with some HUF weakness in the ST could pressure NBH to act via the 1W depo facility.

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