Free Trial

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

NBH
  • 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: https://www.mnb.hu/letoltes/kv-230725-en.pdf
  • No notable reaction in the EUR/HUF price, HUF prices broadly unchanged; EUR/HUF just above unchanged at typing at 378.01.

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.