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NBH To Maintain Its Hawkish Stance

HUNGARY
LOCAL NEWS
  • NBH to hike 'core' policy rate by 50bps to 3.4% in today’s meeting (1pm London time).
  • CEE currencies have been very sensitive to the geopolitical uncertainty in Russia.
  • NBH is also likely to hike its 1W depo rate by 30bps to 4.6% on Thursday.
  • The trajectory of the 1W deposit rate will strongly depend on the dynamics of HUF.

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