Slight upward revision of Polish GDP growth supports 25 bps rate cut in June
Hungary cut interest rates to new all-time low
On Tuesday, the Hungarian forint outperformed its peers and hit the more than five-month high in intraday trading. Central bank’s (MNB) decision to cut the official interest rate to a new all-time low (4.5%) was broadly expected and thus had no impact on trading. The fact that the MNB left room open for further cuts was not surprising either as inflation is likely to dwell below its target for some time.
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KBC