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Opposition Leader Marki-Zay To Speak About Economic Plans

HUNGARY
  • Peter Marki-Zay, the prime-minister candidate of the six-party opposition alliance in Hungary, speaks about his economic plans at a forum in Budapest (BBG).
  • The NBH meeting will publish the minutes of its January meeting at 1pm (London time).
  • Last week, the NBH decided to leave its 1W Depo rate unchanged at 4.3% as expected, after raising it by 30bps the week before.
  • Based on Barnabas Virag latest press conference, the NBH will now proceed with monthly hikes in the 1W depo rate and is likely to hike by another 30bps in February and March, which would levitate the effective policy rate to 4.9% in Q1.
  • Momentum on HUF has remained firm since the start of the month; the forint has been one of the best performing EM FX this month, up 2.4% against the greenback so far.

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