Hungary: NBH to keep all its policy rates on hold - TDS

Sandeep Kanihama FXStreet Contributor

In line with the unanimous consensus, analysts at TD Securities are expecting the NBH to keep all its policy rates on hold at today's Monetary Council (MC) meeting.

Key Quotes

“Since the last MC meeting headline inflation fell to 3.4% y/y in June from 3.9% in May and core ex-taxes to 3.5% from 3.7%. Furthermore, the global financial environment remains decisively dovish, with the Fed likely to cut next week.”

“We think the MC will keep rates on hold and continue with their wait-and-see approach until September when the new economic forecasts will be available.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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