NBH Post decision statement: Sees room to cut rates throughout summer if favourable conditions persist; decision on the continuation to be made based on the September Inflation Report
Newsquawk Staff ·
NBH Post decision statement: Sees room to cut rates throughout summer if favourable conditions persist; decision on the continuation to be made based on the September Inflation Report.
What it means
The National Bank of Hungary (NBH) is signaling a potentially dovish stance by indicating the possibility of rate cuts over the summer, contingent on favorable economic conditions. This suggests they are closely monitoring inflation trends, and the upcoming September Inflation Report will be crucial in determining their next steps, which may influence rates and market expectations for regional central banks.
Sources
- Bank of Israel keeps its interest rate steady at 3.25%, as expected
- Indonesian Central Bank leaves the BI rate unchanged at 5.75%, raises the Deposit Facility rate to 5.00% (prev. 4.75%)
- NBH says committed to achieving the inflation target in a sustainable manner
- NBH Governor Varga says that 2026 inflation is to be below 3%
- NBH Kurali says that Hungary must make the euro commitment clear in the 2027 budget
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