- Analytics
- News and Tools
- Market News
- EUR/HUF: Forint’s weak streak to extend further – Commerzbank
EUR/HUF: Forint’s weak streak to extend further – Commerzbank
The Hungarian National Bank (MNB) is expected to hike its main policy interest rate by 50bp today. Forint’s underperformance of late is likely to extend following the central bank rate decision, economists at Commerzbank report.
MNB expected to hike rate by 50bp
“The underperformance of the forint suggests that the market is concerned about inflation projections proving unrealistic all over again, which means that MNB’s policy stance could quickly fall behind the curve.”
“The current inflation context does not offer MNB the luxury to signal a ‘routine’ phase of policy regardless of incoming data.
“The anticipated 50bp rate hike today will likely not support the forint specifically, and it will be up to the MPC to sound more hawkish in their remarks later on. As base-case, we expect the forint’s weak streak to extend further.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
