NBH seen on hold this week – BBH

In view of analysts at BBH, the Hungarian central bank (MNB) is expected to keep its monetary status quo unchanged at its meeting tomorrow.

Key Quotes

“National Bank of Hungary meets Tuesday and is expected to keep policy steady.  The bank has been loosening policy quarterly via unconventional measures, which it just did at its June meeting.  Further easing is possible at the September meeting.  CPI rose only 1.9% y/y in June, the lowest since December and below the 2-4% target range”.