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PM Orban's Chief of Staff Welcomes Possible NBH Pivot

HUNGARY

Prime Minister Orban's Chief of Staff says he welcomes the central bank's announcement yesterday that the interest rate corridor will be narrowed at next week's rate-setting meeting (RTRS).

  • Those comments are in reference to to an interview given by NBH's Deputy Governor yesterday, where he said, "The extreme risk scenarios have been priced out, there is no longer any need to maintain such a large degree of room for maneuver, so a decision on a significant narrowing of the upper edge of the interest corridor may be reached at next week's meeting of the monetary council.”
  • In addition, it was announced that food price caps will be extended until June 30.

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