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ING Sees Hungary's Central Bank Keeping Rates Unchanged in 2025 After Tuesday's Hold

BY MT Newswires | ECONOMIC | 08/26/25 12:15 PM EDT

12:15 PM EDT, 08/26/2025 (MT Newswires) -- Hungary's central bank (MNB) opted to maintain the base rate at 6.50% on Tuesday, marking the eleventh consecutive on-hold decision, said ING.

The general stance remained hawkish, with no new messages emerging, wrote the bank in a note to clients.

The strong messages regarding the need to anchor inflation expectations and unchanged forward guidance should be convincing enough to show what the MNB intends to do for the rest of the year, stated ING.

The bank believes that the MNB is prepared to keep interest rates at their current level for the foreseeable future.

Against this backdrop, UBS assumes that the policy rate will remain at 6.50% for the rest of the year. However, the bank cannot rule out the possibility of a deviation from this towards the end of the year, particularly if major central banks adopt a more dovish approach in contrast to recent market expectations.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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