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NBH Stands Ready To Intervene In A Decision Manner Using Every Available Instrument

HUNGARY
  • The NBH mentioned in its statement that it will need to keep tighter monetary conditions for longer due to elevated CPI.
  • The central bank stands ready to intervene via the 1W depo rate facility if ST market risks continue to surge.
  • FURTHER RISE IN INFLATION AND PERSISTENT INFLATION RISKS WARRANT THE DECISIVE CONTINUATION OF THE TIGHTENING CYCLE
  • STANDS READY TO INTERVENE IN A DECISIVE MANNER USING EVERY INSTRUMENT IN ITS MONETARY POLICY TOOLKIT, IF NECESSARY (Reuters)
  • HUF has remained weak in today's trading session, with EURHUF currently trading at around 410.
    • ST resistance to watch on the topside stands at 415.


Link to full statement: https://www.mnb.hu/en/monetary-policy/the-monetary...


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