Research (Česká spořitelna)
Macroeconomics  |  December 19, 2012 09:43:40

The Hungarian central bank cut the main rate by 0.25% to 5.75%


Hungary's central bank is expected to cut its key interest rate by another 25 basis points to 5.75%. It is the fifth overall cut in line. In the words of Governor Simor vote was close (ie 4:3, very likely according to the distribution of government vs. Simorovo wing). Also suspended above it as the last days of the forint weakened sharply, which according to him shows the fragility of market confidence. On the other hand, admitted that the short-term fluctuations in the exchange rate would not affect the behavior of CB. CB also lowered the inflation outlook for next year from 5% to 3.5%. It is still mainly various government measures (reducing regulated prices).

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Maďarská centrální banka snížila hlavní sazbu o 0,25% na 5,75%

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