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MNI NBH WATCH: Inflation Rise Key Focus As NBH Mulls Easing

(MNI) LONDON
National Bank of Hungary will announce its latest interest rate decision on Tuesday.

MNI (LONDON) - The National Bank of Hungary will weigh whether to cut its base rate by 25 basis points or to stay at 6.75% on Tuesday, after July inflation surprised to the upside and with September potentially offering greater clarity both domestically and internationally.

The NBH cut rates by a quarter point last month after June’s lower-than-expected inflation coupled with an improvement in the country’s risk profile, although some analysts had expected no change. (See MNI EM POLICY: NBH Leans Towards July Cut, Outlook Unchanged)

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MNI (LONDON) - The National Bank of Hungary will weigh whether to cut its base rate by 25 basis points or to stay at 6.75% on Tuesday, after July inflation surprised to the upside and with September potentially offering greater clarity both domestically and internationally.

The NBH cut rates by a quarter point last month after June’s lower-than-expected inflation coupled with an improvement in the country’s risk profile, although some analysts had expected no change. (See MNI EM POLICY: NBH Leans Towards July Cut, Outlook Unchanged)

Keep reading...Show less