While looking at the current economic condition in Hungary and free fall of Oil prices, further interest rate cut is expected, says MNB economist. As per the forecast, the Hungarian base rate is expected to cut from 1.35% to 1% in first half of 2016.
To achieve the inflation target in current global scenario, it is very likely that actual downward revisions will be made in the Q1 Inflation report. This in turn sharply increases the likelihood of the policy rate itself being cut. Exchange rate will also be affected after such revisions in the monetary policy. MNB economists see EUR-HUF at 320.00 by March end.


Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing
Fed’s Anna Paulson Signals Rate Cuts May Come Later as Inflation Cools and Labor Market Stabilizes
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook
China Holds Loan Prime Rates Steady in January as Market Expectations Align 



