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NBH Seen Adding 100bps to the Benchmark Rate

HUNGARY
  • NBH are likely to maintain the pace of its tightening cycle and hike its policy rate by another 100bps today, which would put the benchmark rate at 12.75%. Following today’s decision, the NBH are also likely to readjust its 1W depo rate by a further 100bps on Thursday. The decision is due at 2pm local time (1300BST / 0700ET).
  • Full NBH Preview here: https://roar-assets-auto.rbl.ms/documents/18985/MNINBHPrevSep22.pdf
  • At the re-opening of parliament yesterday, PM Orban again stated that the Hungarian population would get their say in further Russian sanctions, with the government proposing referendums for further measures against Russia trade.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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