EUR/HUF to stabilise around 390 after Hungarian central bank triggered Forint rally – ING EURHUF Banks Hungary InterestRate
“The Hungarian central bank confirmed its commitment to keeping conditions tight for a longer period and that it has taken a patient approach to monetary policy. Overall, it has sent a very clear signal that the hawkish mode will last for an extended period of time and the central bank is not going to allow any hasty moves.”
“On the other hand, we may see some profit-taking today after the Forint's multi-day rally and ahead of Friday's risky sovereign rating review from S&P.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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