The NBH has now embraced a fully unorthodox policy mix, built on the premise of managing liquidity, growth and, maybe, inflation via an interest rate corridor plus growth support programs, per TD Securities. EUR/HUF trades at 358.1475. Key quotes “The NBH hiked the overnight and one-week collateralized loan rates from 0.90% to 1.85%. This measure creates symmetry in the corridor. We think that its main aim is to increase the carry on long HUF positions so to protect the forint from further weakness.” “Net-net the NBH seems to be pursuing a twofold strategy: protect HUF by tightening short-term rates, while unleashing an arsenal of unconventional tools to allow the government, banks and other entities access to cheap, longer dated, funding, and by so doing support growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Downside seen limited FX Street 2 years The NBH has now embraced a fully unorthodox policy mix, built on the premise of managing liquidity, growth and, maybe, inflation via an interest rate corridor plus growth support programs, per TD Securities. EUR/HUF trades at 358.1475. Key quotes “The NBH hiked the overnight and one-week collateralized loan rates from 0.90% to 1.85%. This measure creates symmetry in the corridor. We think that its main aim is to increase the carry on long HUF positions so to protect the forint from further weakness.” “Net-net the NBH seems to be pursuing a twofold strategy: protect HUF by tightening short-term rates, while… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
