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2021/12/13 / Erste Group Research

This week, all eyes will be on the Hungarian central bank as the MNB holds its regular rate-setting meeting. Given last week’s increase of one-week depo rate by 20bp to 3.3%, we expect the MNB to raise the key rate by another 30bp to 2.4% and follow with the same increase of one-week deposit rate later this week. Moreover, the central bank will review its QE program, which is expected to be gradually phased out soon. The MNB will also release new inflation and growth forecast that should show higher inflation trajectory compared to the previous projection.

General information

AuthorErste Group Research
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE, Hungary
Currency in focusHungarian Forint
Sector in focus-


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