Analysts at TD Securities are expecting the Monetary Council (MC) of Hungary to commence policy “normalization” at the meeting on Tuesday, 26 March, i.e. the gradual unwinding of the loose monetary policy that the NBH has been running for a long time. Key Quotes “This has been flagged for some time by the NBH with, in particular, a move in core inflation ex indirect tax effects above the 3% target stated as being a potential trigger for the normalization process to begin. In February, core inflation excluding indirect taxes moved up to 3.2% Y/Y.” “At next week’s meeting the MC will have the March Inflation report to hand. While this could influence the pace of future tightening it is unlikely to stop the start of normalization.” “The market has received strong guidance from the NBH that normalization is about to start – failure to deliver would undermine the central bank’s credibility.” 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 US Dollar Index recedes from tops, back near 96.60 FX Street 4 years Analysts at TD Securities are expecting the Monetary Council (MC) of Hungary to commence policy "normalization" at the meeting on Tuesday, 26 March, i.e. the gradual unwinding of the loose monetary policy that the NBH has been running for a long time. Key Quotes "This has been flagged for some time by the NBH with, in particular, a move in core inflation ex indirect tax effects above the 3% target stated as being a potential trigger for the normalization process to begin. In February, core inflation excluding indirect taxes moved up to 3.2% Y/Y." "At next week's meeting the MC… 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.
