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NBH Deputy Governor Virag Says Won't Cut By More Than 100bps/Month

  • Comments from Hungary central bank deputy governor Virag
    • Inflation to fall rapidly over coming months
    • Central bank policy must ensure that disinflation continues in 2024
    • Hungary won't cut key rate by more than 100bps/month
    • No reason to sway from NBH rate-cut path (BBG)
    • Any decision about base rate not on the agenda
    • Policy normalisation to last until about sept (Reuters)

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