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30 Jan 2015
HUF poised to suffer further easing – BBH
FXStreet (Edinburgh) - The research team at BBH believes the Hungarian Central Bank could ease further i the upcoming periods.
Key Quotes
“Although the bank kept rates steady at 2.1%, the language was a noticeable shift”.
“The statement referred to a “shift towards the alternative scenario implying looser monetary policy,” but also noted that current rates are adequate”.
“Since the de-peg of the Swiss franc does not seem to be a big concern, we doubt that the risk of a weaker forint would hold back the bank from easing”.
“EUR/HUF is well off its highs following the SNB move and is trading back in the wide range it has been in since the start of 2014”.
“While we think more easing is on the table, it is not yet a given”.
Key Quotes
“Although the bank kept rates steady at 2.1%, the language was a noticeable shift”.
“The statement referred to a “shift towards the alternative scenario implying looser monetary policy,” but also noted that current rates are adequate”.
“Since the de-peg of the Swiss franc does not seem to be a big concern, we doubt that the risk of a weaker forint would hold back the bank from easing”.
“EUR/HUF is well off its highs following the SNB move and is trading back in the wide range it has been in since the start of 2014”.
“While we think more easing is on the table, it is not yet a given”.