Having resumed its easing cycle earlier today, the Hungarian MPC made it clear that a few more small rate cuts are likely over the coming months. For now, we have pencilled in 30bp of rate cuts, which would bring the benchmark rate to 1.65% by the end of this year. But the bigger picture is that low inflation will allow monetary policy to remain extremely loose for the foreseeable future.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services