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NBH Rate Decision in 15 Minutes (1300BST/1400CET)

HUNGARY
  • Consensus calls for further easing of the Bank’s monetary policy tools with another 100bp cut to the effective rate as the risk backdrop improves and disinflation dynamics continue.
  • Recent HUF weakness is unlikely to deter the central bank from pausing its easing cycle.
  • Worth noting that this meeting will coincide with the publication of updated macroeconomic projections.

See our full preview of the decision, with a summary of sell-side analyst views, here: https://roar-assets-auto.rbl.ms/files/54202/MNINBHPrevJun23.pdf

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