Hungary made an emergency decision to introduce a new instrument in the form of an overnight deposit rate of 18%. The weekly deposit rate remains at 13% for the time being. EURHUF pair fell approx. 2.5% after the decision!
Hungary's central bank decides to take such action after inflation jumped above 20%. The bank points out that the move is aimed at increasing short-term bond yields.
Source: xStation5
Daily Summary: Iran Uninterested in Trump’s Peace Plan
Mixed US PMI data 🗽EURUSD gains
Economic Calendar - PMI data takes center stage as oil resumes climb
Morning Wrap - Oil Resumes Climb (24.03.2026)