Free Trial

NBH To Continue Its Monthly Tightening Cycle With Lower Pace​

HUNGARY
  • Today, the NBH decided to raise its policy rate by 15bps (vs. 25bps expected) to 1.65%, following three consecutive 30bps hikes since June.
  • According to today's statement, the NBH will continue to its monthly interest rate tightening cycle with lower pace (i.e. 15bps).
  • CPI inflation is now expected to average 4.6%/4.7% in 2021 and 3.4%/3.8% in 2022.
  • NBH sees GDP growth at 6.5%/7% this year (vs. 6.2% previously), and at 5%/6% in 2022.

See Link to the full statement:


https://www.mnb.hu/en/monetary-policy/the-monetary...

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.