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NBH To End QE Shortly To Strengthen Tightening Cycle

HUNGARY
  • NBH Governor Matolcsy told lawmakers that the central bank will end its QE program shortly to boost its monetary policy tightening program.
  • Last week, the NBH purchases 29bn HUF of government debt on the secondary market, 11bn HUF less than the currently weekly target (40bn HUF).
  • The NBH announced earlier this year that it will start to taper by 10bn HUF every quarter starting in Q3.

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