Hungarian Forint: MNB Tone Shift Watched – Commerzbank Commerzbank’s Tatha Ghose Expects Hungary’s Central Bank, Magyar

Hungarian Forint: MNB tone shift watched – Commerzbank Commerzbank’s Tatha Ghose expects Hungary's central bank, Magyar Nemzeti Bank (MNB), to cut its base rate by 25bp to 5.50%, but stresses that guidance will matter more for the Forint. While headline inflation has surpr

Hungarian Forint: MNB tone shift watched – Commerzbank Commerzbank’s Tatha Ghose expects Hungary’s central bank, Magyar Nemzeti Bank (MNB), to cut its base rate by 25bp to 5.50%, but stresses that guidance will matter more for the Forint.

While headline inflation has surprised on the downside, core and services pressures and energy risks

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