Further Monetary Easing

February 2009
Emerging Europe Monitor: Central Europe & Baltic States;Feb2009, Vol. 16 Issue 2, p4
Country Report
The article presents an economic outlook for Hungary for 2009. Analysts from Business Monitor International (BMI) are expecting that the National Bank of Hungary (NBH) will continue monetary easing reaching a base rate of 7.50% forecast for end-2009. Prior to the bank's decision, monetary easing has been implemented by the European Central Bank (ECB) and Bank of England (BoE) which has opened room for rate cuts in the country by easing pressure on the forint against the two major European currencies.


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