Hungary’s NBH Likely To Cut Base Rate By 10bp Next Week - Reuters Poll
- 14 Feb 2014 8:00 AM
Fully 16 of 22 analysts participating in a fresh Reuters poll expect Hungarian rate-setters will cut the bank’s base rate by 10 basis points to a new historical low of 2.75% at its rate-setting session on Tuesday, Reuters said today. Three of the analysts participating in the Reuters poll conducted between Feb.
10 and 13 said that the Monetary Council would cut the base rate by 15 basis points, while one analyst forecast a 5 basis point cut.
The remaining two analysts expected the council would leave rates on hold. The bank is likely to stop its current rate-cutting cycle in March, several analysts said.
Source www.hungarymatters.hu
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