The communications accompanying the decision by the Hungarian central bank to leave its policy rate on hold today, at 6.50%, gave no new guidance on the timing at which monetary easing may resume. But there has been a dovish shift in recent weeks, and we now expect an interest rate cut before the election in April.
This publication has been updated with additional analysis since the post-meeting press statement and press conference.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services