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NBH Rate Decision Coming Up (13:00GMT/14:00CET)

HUNGARY
  • The National Bank of Hungary are widely expected to increase the pace of monetary policy easing with a 100bp cut to the base rate, taking it to 9.75%.
  • The more aggressive easing move follows guidance from Deputy Governor Virag earlier this month, where he strongly hinted that conditions facilitate a cut of greater magnitude than the 75bps delivered in the previous three meetings.
  • The rate decision will be announced at 13:00GMT/14:00CET followed by the policy statement and briefing by Deputy Governor Virag at 14:00GMT/15:00CET. See the full MNI Preview, with a summary of sell-side analyst views, here.

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