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NBH Decision to Come at 1300GMT/0900ET

HUNGARY

NBH seen on hold; rising COVID-19 cases increases uncertainty over growth expectations


The National Bank of Hungary is expected to keep their benchmark rate and overnight deposit rate steady at 0.6% and -0.05%, respectively, despite the rise in inflationary pressures globally in recent months. Even though restrictions have remained elevated (Hungarian COVID-restriction stringency index has been one of the highest ones in Europe at 80), economic activity has continued to recover in the last quarter of 2020 with GDP growth expanding by 1.4% QoQ following the strong 11-percent rebound in Q3.


Full preview here: https://roar-assets-auto.rbl.ms/documents/9246/MNINBHPrevMar21.pdf

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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