Hungary to keep rates on hold – BBH

In view of analysts at BBH, the Hungarian central bank (MNB) is expected to keep its monetary policy unchanged at tomorrow’s meeting.

Key Quotes

“Hungary central bank meets Tuesday and is expected to keep policy unchanged”.

“However, there is a chance that it makes a small symbolic cut to the deposit cap”.

“CPI rose 2.9% y/y in February, the highest since January 2013 but just below the 3% target. While easing is nearing an end, we do not see tightening until next year”.

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