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Trims Upper-End of Rate Corridor by 100bps, As Expected

  • The National Bank of Hungary trim the upper-end of their rate corridor by 100bps to 17.50%, as expected. The Bank keep the other key policy rates unchanged at 13.00% for the base rate and 12.50% for the overnight deposit rate.
  • This shifts focus to the press conference with NBH's Virag in just under an hour's time. Full rate decision confirmation here:
  • No notable reaction in the EUR/HUF price, HUF prices broadly unchanged; EUR/HUF just above unchanged at typing at 378.01.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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