The National Bank of Hungary (NBH) is scheduled to meet today. Economists at ING analyze HUF outlook ahead of the meeting.
No change in NBH's policy easing pace
We expect the central bank to continue the normalisation of monetary policy despite recent market volatility, especially in the Forint.
We expect the central bank to replicate the decision it made last month and cut the quick deposit tender rate by another 100 bps, bringing the effective rate to 15%. Similarly, we anticipate 100 bps cuts to the one-day FX swap tender and the overnight repo rate.
We think the market is pushing NBH to cut rates at a faster pace and thus the hawkish tone should be a boost going back to 370 EUR/HUF.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
