Hun­gar­ian cbank may front­load rate in­creases to com­bat in­fla­tion

The Pak Banker - - Front Page -

BUDAPEST: Hun­gary's cen­tral bank may front­load in­ter­est-rate in­creases to fight in­fla­tion be­fore Prime Min­is­ter Vik­tor Or­ban will "take over" mon­e­tary pol­icy, mak­ing tight­en­ing more dif­fi­cult, said an­a­lysts at Credit Agri­cole SA, Com­merzbank AG, No­mura In­ter­na­tional Plc. and Erste Group Bank AG.

The Mag­yar Nemzeti Bank yes­ter­day raised the bench­mark two-week de­posit rate to 5.75 per­cent from 5.5 per­cent, t he sec­ond con­sec­u­tive in­crease. -PB News

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