Hungarian cbank may frontload rate increases to combat inflation
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