BREAKING: Hungarian central bank cuts rates by 25 bp. EURHUF drops

The Central Bank of Hungary (Nemzeti Bank) cut interest rates as expected by 25 basis points to 7%. Deputy Governor Barnabás Virág said at the May decision that the central bank may continue to cut interest rates in June, but current data suggests there is very limited room for further rate cuts in the second half of the year.

Source: Nemzeti Bank

Euro weakened vs Hungarian forint, shortly before Hungarian central bank decision.

Source: xStation5

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