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MNI NBH WATCH: Policy Hold Ahead of New Projections, Governor

National Bank of Hungary meets to decide on rates this week.

MNI (LONDON) - The National Bank of Hungary is expected to leave its base rate unchanged at 6.5% this week after another higher-than-expected inflation print, with attention focusing on communications ahead of the arrival next month of new governor Mihaily Varga.

Annual average headline inflation added 0.9 percentage point in January to 5.5%, as prices rose 1.5% month–on-month. (See MNI POLICY: Jan Data Confirms NBH Hold, But Improvements Seen)

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MNI (LONDON) - The National Bank of Hungary is expected to leave its base rate unchanged at 6.5% this week after another higher-than-expected inflation print, with attention focusing on communications ahead of the arrival next month of new governor Mihaily Varga.

Annual average headline inflation added 0.9 percentage point in January to 5.5%, as prices rose 1.5% month–on-month. (See MNI POLICY: Jan Data Confirms NBH Hold, But Improvements Seen)

Keep reading...Show less