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MNI NBH Preview - Dec'24: Rates, Guidance to Remain Unchanged

The National Bank of Hungary is expected keep its base rate unchanged at 6.50% during its final meeting of the year.

Executive summary:

  • The National Bank of Hungary is expected keep its base rate unchanged at 6.50% during its final meeting of the year.
  • A somewhat more stable backdrop for the HUF across December and no change in regime at the central bank until March means we are unlikely to see any material changes to the central bank’s hawkish communications either.
  • This document will be re-released next week to include sell-side views.  

See the full preview here:

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Executive summary:

  • The National Bank of Hungary is expected keep its base rate unchanged at 6.50% during its final meeting of the year.
  • A somewhat more stable backdrop for the HUF across December and no change in regime at the central bank until March means we are unlikely to see any material changes to the central bank’s hawkish communications either.
  • This document will be re-released next week to include sell-side views.  

See the full preview here:

Keep reading...Show less