The communications accompanying the decision by the Hungarian central bank (MNB) to opt for a smaller 50bp cut to its base rate today, to 7.75%, provides support to our view that its monetary easing cycle is entering a slower phase. We expect 50bp rate cuts at the next two meetings, and that the easing cycle will then slow further in the second half of this year.
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