Analysts: MNB will cut rate 0.20% more
In a poll of 21 analysts undertaken by Reuters last week, a majority figured that the National Bank of Hungary (MNB) would be dropping its base rate to yet another record low, 3.60%, tomorrow.
General sentiment among the analysts was the rate-setters will be encourage to set the rate lower due to the U.S. Federal Reserve’s decision of last week to retreat from its campaign of buying up US dollar-based bonds and thus ultimately decrease the forint’s value against the dollar.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.