Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
On Wednesday, markets will be anxiously awaiting the rate decision of the US Federal Reserve, which will also have an impact on the forint. The Hungarian currency hit its lowest level against the euro since July on Thursday, trading above Ft 317.
Should the forint weaken further, it would be uncomfortable for the central bank in its efforts to keep the state debt targets, K&H Bank analyst Németh Dávid said.
Source: Hungary Around the Clock
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