National Bank of Hungary likely to stand pat in February, may tighten monetary policy in April-May

The Hungarian central bank is set to meet tomorrow for its monetary policy decision. According to a KBC Market Research report, the National Bank of Hungary is likely to keep its monetary policy unchanged during its meeting tomorrow. The central bank might begin some monetary tightening in the months of April or May, starting to decrease slightly the stock of foreign currency swaps.

“But the real tightening may be started only in 2H19, when they may start to increase the overnight deposit rate from the current level of -15bp”, added KBC Market Research.