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NBH Rate Decision Coming Up (1300GMT/1400CET)

HUNGARY
  • The NBH are widely expected to deliver another 75bp cut to the base rate at its December meeting.
  • Of the sell-side views we have previewed, all are expecting a 75bp cut to the base rate (and indeed identical easing decisions through to the February meeting), though some have noted slight risk of a larger move this month.
  • Updated GDP and inflation forecasts will be released alongside the policy statement at 1400GMT/1500CET. There has been no official confirmation of any post-decision press conference (though this is usually held 1 hour after the rate announcement).

Our preview, with a summary of sell-side analyst views, can be found here.

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