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NBH Rate Decision in 30 Minutes (1300BST/1400CET)

HUNGARY
  • Sell-side analysts are unanimous in seeing further easing of the Bank’s monetary policy tools with a cut to the effective rate of 18% as Hungary’s risk backdrop continues to improve. Estimates of the cut to the effective rate range from 75bps to 300bps.
  • See our full preview for the decision here: https://roar-assets-auto.rbl.ms/files/53036/MNINBHPrevMay23.pdf
  • The decision on the 13% base rate (expected unchanged) will happen at 1300BST/1400CET ahead of the press conference by Governor Gyorgy Matolcsy and expected announcement of the cut to the effective rate at 1400BST/1500CET.

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