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.


China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 



