For the coming Monday, 12 analysts opted for no change, and 5 expected a 25 bp decrease. The same tendency appeared in forex traders’ forecasts: 11 opted for no change, while 5 expected a 25 bp decrease. The weak forint will be one of the most important aspects of the decision, warned András Simor, president of the national bank. Inflation is expected to drop to 5.55% by the end of 2007, and 3.5% by the end of 2008. (Annual inflation expected for August is 8.1%.) The forint/euro rate is projected at 254 by September, and 251.5 by the end of 2007. Forecasted economic growth for 2007 has been adjusted to 2.4% after a drop of 1.4% in Q2. (Gazdasági Rádió, Magyar Hírlap)
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