With inflation in Hungary set to remain in negative territory over most of this year, one or two more interest rate reductions likely to follow over the coming months.
Capital Economics said - "We think the National Bank of Hungary will follow up last month's 15bp interest rate cut with a further 15bp cut, to 1.80% (13.00 BST)."
Commentary
National Bank of Hungary will probably cut its main interest rate again
With inflation in Hungary set to remain in negative territory over most of this year, one or two more interest rate reductions likely to follow over the coming months.Capital Economics said - "We think the National Bank …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
