The MNB Is Preparing for an Extraordinary Decision on Tuesday: It Will Affect All Hungarian Wallets
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Although low Hungarian inflation alone would give the MNB the opportunity to continue cutting interest rates, the external environment has deteriorated significantly since the August decision. Rising energy prices, tightening by the Fed and ECB, and maintaining the stability of the forint all argue in favor of a more cautious central bank policy, according to an analysis by Akcenta CZ.
Although low Hungarian inflation alone would give the MNB the opportunity to continue cutting interest rates, the external environment has deteriorated significantly since the August decision. Rising energy prices, tightening by the Fed and ECB, and maintaining the stability of the forint all argue in favor of a more cautious central bank policy, according to an analysis by Akcenta CZ.
The Magyar Nemzeti Bank's series of summer rate cuts may stop after both the European Central Bank and the US Fed raised the key interest rate by 25 basis points. According to analysts, the Hungarian central bank is expected to keep the base rate at 5.5 percent on Tuesday, and there will not necessarily be another cut until the end of the year. However, in 2027, the space for easing may open again, with the benchmark rate falling to as much as 4…
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