- Analytics
- News and Tools
- Market News
- EUR/HUF: The risk premium on the Forint will stay elevated – Commerzbank
EUR/HUF: The risk premium on the Forint will stay elevated – Commerzbank
The Forint enjoyed one good spurt last week. Economists at Commerzbank analyze HUF outlook ahead of Hungary’s National Bank (MNB) meeting.
MNB to continue rate cuts
MNB is widely expected to keep following its pre-signalled rate path and cut the rate corridor once again by 75 bps today.
Hungarian core inflation YoY rate of 9.1% is still near the double-digit mark. Nevertheless, this is of less concern now as the MoM core inflation rate has returned roughly to historical range. If MNB were to maintain a higher than 9% interest rate through Q1 2024 for example, that will translate to a decently positive real interest rate, which should support the Forint.
The risk premium on the Forint will stay elevated, but MNB will carry on with monetary policy normalisation regardless.
© 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
