Nomura: ʼMNB leaves door open for further cutsʼ

Analysis

After the Hungarian National Bank (MNB) cut the base interest rate to 1.5% yesterday, Nomura says their reading of the inflation report states that MNB may cut it further to 1.2% and hold it there until Q4 2016.

The financial service provider said that the MNB aims to maintain a loose monetary policy for as long as possible and the fact that they are within their targets for inflation, points to the possibility of “further, slight easing of the policy rate.”

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