Free Trial

MNI BRIEF: NBH Cuts Base Rates By 25Bp To 6.75%

MNI (LONDON) - The National Bank of Hungary lowered its base rate by 25 basis points to 6.75% on Tuesday.

Analysts were divided over whether the NBH would stand pat or opt for a second successive quarter-point cut, with core inflation proving sticky despite headline inflation continuing to fall, though MNI had reported that the Bank was preparing to frontload easing without adjusting its likely year-end landing zone for rates. (See MNI EM POLICY: NBH Leans Towards July Cut, Outlook Unchanged)

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com

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.