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National Bank of Hungary Review: Making it Simpler

2022. június 29.

ING THINK

The National Bank of Hungary created a cleaner situation, levelling the base rate and the 1-week deposit rate at 7.75%. In our view, this was a necessary step to boost market confidence in the bank’s hawkish aspiration. In turn, the 50bp effective rate hike cannot be called extreme, and other risk factors will keep Hungarian assets under pressure.

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