Hungary’s NBH yesterday left rates unchanged at 2.10% and said in the following press conference that rates will stay at current levels for a prolonged period of time, but assuming a continued albeit gradual recovery, the Bank also suggested there was no need to further ease policy. A similar monetary policy stalemate can be gleaned from rhetoric out of neighbouring Poland’s NBP, the Czech CNB, Sweden’s Riksbank, Norway’s Norges Bank, Israel’s BoI and arguably so far even the SNB and the Bank of England.
Read the full report: FX Daily