Free Trial

NBH To Hike Its 1W Depo Rate By 50Bps

HUNGARY
  • This morning, the NBH is expected to readjust its 1W depo rate higher by 50bps to 7.75% following Tuesday meeting.
  • The central bank will then proceed with monthly decisions on both the base rate and the 1W depo rate, unless the HUF starts to weaken dramatically again.
  • As a depreciating HUF keeps de-anchoring inflation expectations, further weakness in the forint will lead to more readjustment via the 1W depo rate.
  • Other economic data to watch this morning will be PPI inflation, which has been constantly accelerating this year and surged to 28.8% in May.

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.