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Analysts at Nomura think that this week’s MNB meeting will be a non-event with and do not expect any changes in the language of the communication.

Key Quotes

“Investors are likely to find the September gathering to be of greater interest as policymakers will decide on the scale of liquidity pumped into the market. That said, in our view the retreat in EURHUF and still muted core inflation diminish the probability of any changes in the policy setup as soon as next month.”