25 May 2015
Further easing expected in Hungary – BBH
FXStreet (Edinburgh) - In the view of analysts at BBH, the Hungarian central bank (NBH) could cut the benchmark rate by 15 bp at its meeting tomorrow.
Key Quotes
“Hungary central bank meets Tuesday and is expected to cut rate 15 bp to 1.65%”.
“We think the easing cycle is nearing an end, with another 15 bp cut to 1.50% seen next month and then a pause”.
“With deflation likely to ease in H2 as low base effects kick in, and with the real economy fairly robust, the central bank will likely remain on hold at 1.5% to see how the outlook develops”.
Key Quotes
“Hungary central bank meets Tuesday and is expected to cut rate 15 bp to 1.65%”.
“We think the easing cycle is nearing an end, with another 15 bp cut to 1.50% seen next month and then a pause”.
“With deflation likely to ease in H2 as low base effects kick in, and with the real economy fairly robust, the central bank will likely remain on hold at 1.5% to see how the outlook develops”.