Analysts: MNB to cut rates 10bp on Tuesday

Interview

Analysts polled by international news agency Reuters expect the National Bank of Hungary's rate-setting Monetary Council to continue an easing cycle at a meeting on Tuesday, reducing the central bank's key rate by 10bp to 2.20%

Reuters said all 18 analysts in the poll, conducted on July 15-17, expect the 10bp cut. They projected the cycle, which started almost two years ago, would reach bottom at 2.10% in August. In the minutes of the previous rate-setting meeting, Council members said "further cautious easing of monetary policy might follow" but added that the base rate had "significantly approached a level which ensured the medium-term achievement of price stability and a corresponding degree of support for the economy".

ADVERTISEMENT

Differences in taxation in the CEE region Analysis

Differences in taxation in the CEE region

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest Mayor Karácsony signs Global Declaration for Democr... City

Budapest Mayor Karácsony signs Global Declaration for Democr...

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.