Last NBH’s base rate cut in the cards…
The National Bank of Hungary will keep last rate decision meeting in 2013 on 17 December. The council started the rate cut cycle in August 2012 and base rate has been moderated 16 times. The reference rate stays now at all times low level at 3.2%, which means 380bp rate cut during the 16 months. The question is how far the council may continue the cycle.
Read the full report: FX Daily
KBC