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Morgan Stanley See HUF as 'Least Preferred' in CEE

HUNGARY
  • Following yesterday's rate decision, Morgan Stanley write that the NBH has lost its sensitivity to the HUF FX rate, leaving the HUF as the 'least preferred' currency in the CEE region.
  • MS also cite the debate between the European Commission and the Hungarian government over the rule of law and corruption - as such justifying the political risk premium.

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