ADVERTISEMENT

National Bank of Hungary likely to raise rates on Tues - Reuters poll

Food

The National Bank of Hungary’s Monetary Council is likely to raise rates at a meeting on Tuesday, according to a poll of analysts by Reuters.

In the poll of 21 analysts on Friday, a day after Moody’s cut Hungary’s sovereign rating to "junk", seven projected a 50bp hike. Four expected a 25bp tightening, another four a 100bp rise and one forecast the bank would add a full 200bp to the base rate. Five forecast that the bank would keep rates on hold.

In the two days preceding Moody’s rating action, half of 16 analysts polled had forecast no change, and most of the other half only saw a quarter-point hike.

The Monetary Council left the base rate on hold for the ninth month in a row at a meeting in October.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.