Hungary’s central bank (MNB) decided to leave its policy rate unchanged at 5.50% today despite further downside inflation surprises. We see the MNB opting for a prolonged pause in rates as it seeks to anchor inflation at the new, lower inflation target that takes effect in 2028. But risks to our rate forecast are skewed to the downside.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
