Hungary – Alarabia Forex

Forint to weaken amid market’s concerns about MNB’s tightening – Commerzbank

June 2, 2022 by 7kphj

The Hungarian National Bank (MNB) hiked its main base rate by 50bp earlier in the week and is expected to follow up with a 30bp hike to its one-week depo rate today. MNB expected to hike rate by 30bp “MNB will take the depo rate to 6.75%. This is a pretty high-interest rate level for … Read more

EUR/HUF to dip towards 380 if Hungary hikes one-week depo rate by 50bps or more – Credit Suisse

June 1, 2022 by 7kphj

Following a multi-week rally in EUR/HUF, economists at Credit Suisse see scope for a drop towards 380 if the central bank hikes the one-week depo rate by 50bps or more, while EUR/HUF could rally towards 410 if the bank under delivers. Two-way risk to EUR/HUF ahead of the one-week depo auction “A rate increase of … Read more