Analysts: MNB will cut base rate by 0.10% again
In advance of today’s announcement from the National Bank of Hungary (MNB) on the central bank’s base rate, 80% of those participated a Reuters poll of analysts unsurprisingly reckoned that a 10 bp cut is in the works.
Sixteen of 20 analysts are counting on the reduction to 2.90%, while the remaining four see a 20 bp cut to 2.80%.
“Considering perceptions of the risks associated with the economy as well as the improvement in the pace of economic growth, further easing of monetary policy may follow, but moving in smaller steps could be warranted in the future,” minutes from December’s MNB Monetary Policy Council noted in part.
ADVERTISEMENT
.jpg)
Households Continue to Make Net Withdrawals in Oct
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...
4-legged Guests Welcome at Hungary's 1st Hampton by Hilton
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.
