The National Bank of Hungary is to meet today, but it should be a copy and suggest previous meetings. FX has recorded a significant relief in the last two weeks, but inflation surprised the position in December. Markets expect the rates to remain unchanged at 6.50% with the same tone today as the last time, FX FX FX FX FX Taborsky Notes analysts.

EUR/HUF for trading at 420 at the end of the quarter or later

“On the markets we will be watching EUR/HUF and a constant income market. A pair of currencies has fallen below 410 in the last two days, the lowest this year, also enabling a rally in a constant income. If NBH repeats his careful tone earlier, which is our starting view, this should be confirmation for EUR/HUF to stabilize and potentially testing lower levels. We believe that this is a condition for the HUF assets also for the rally. “

“Although the Front-End curves will not see too much pigeon in the near future, we think that stomach and long class stakes and bond curves are improper and should be lower. The medium -term image for the HUF, however, is not positive for us. The central bank will return to the tone of the dove at some point this year, and EUR/USD will be lower, again increasing EUR/troop above. So we expect EUR/HUF at 420 at the end of the quarter or later, depending on the global history. “