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Virag Says Hungary Needs to Simplify Monetary Policy Toolkit


Summary of highlights from Virag’s post-decision presser (via RTRS and BBG):

  • Hungary to ‘simplify’ monetary policy toolkit in future.
  • Hungary needs strict monetary conditions for CPI goal.
  • Some market expectations about monetary policy after one-day rate and base rate are aligned are "excessive".
  • Rate decisions to be ‘data-driven’.
  • Disinflation is broad-based.

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