Hungarian Forint: Dovish inflation path supports more cuts – ING Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August. Markets price around 150bp of easin
Hungarian Forint: Dovish inflation path supports more cuts – ING Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August.
Markets price around 150bp of easing and a 4.50% terminal rate, with scope for additional
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