What’s going on here?
Hungary’s forint dipped slightly as investors awaited the central bank’s anticipated
interest
rate cut of 50 basis points, bringing it to 7.25%.
What does this mean?
Hungary’s central bank is set to lower interest rates, sticking to its slower easing pace after previous significant cuts. With a press conference scheduled at 1300 GMT, Deputy Governor Barnabas Virag recently adjusted the base rate outlook to between 6.75% and 7% by June’s end, citing high service sector prices. MBH Bank expects continued 50 basis point cuts until then, predicting minimal easing afterward. Meanwhile, other regional currencies showed varied performances: Poland’s zloty traded at 4.2535, just above the 4.25 level, while the Czech koruna and Romanian leu made slight gains. CEE
stock
markets reported mixed outcomes with movements in Prague, Budapest, Warsaw, and Bucharest indices.
Why…
