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NBH Raises Its Benchmark Rate By 15bps to 1.65%

HUNGARY
  • The NBH raised its policy rate by 15bps (vs. 25bps exp.) at today's meeting to 1.65%.
  • It is very likely that the NBH will hike by 15bps at each of the last three meetings if inflationary pressures do not start to accelerate again.
  • HUF is slightly weaker following the decision; USDHUF hit its daily high at 302 following the decision and currently trades at around 301.50.

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