NBH to cut rates to new all time low 4.5 %
Yesterday, trading at the CEE markets was calm due to holidays in the U.S. and the U.K. The zloty remained by an eyelash above its four month low and neither koruna nor forint continued in their Friday’s rally. Today, the focus will be on the rate-setting meeting of the Hungarian central bank. We expect, in line with market consensus, the NBH to cut rates for the tenth time in a row by 25 basis points to the new all time low at 4.5 %.
Click here to read the full report: FX Daily
KBC