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Virag Says 50, 75, 100bps Steps Possible Next Week

HUNGARY

On next week’s Hungarian central bank rate decision, deputy governor Virag states that:

  • Domestic inflation is to rise into the end of the year, but is near peaking
  • Liquidity tightening measures will begin from October, and the announcements so far are having the desired effect.
  • The bank are to take a determined rate step in September, with 50, 75 or 100bps steps possible.
  • Adds that the bank will examine the possibility of ending rate rise cycles based on these conditions in September, concluding that the end of the rate rise cycle could be in one big step, or several smaller steps.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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