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

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