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
āļāļāļĨāļĨāļēāļĢāđāļŠāļŦāļĢāļąāļ (USD) āļāļĒāļēāļĒāļāļēāļĢāļāļĢāļąāļāļāļąāļ§āļāļķāđāļāđāļāļ° +1% āļŦāļĨāļąāļāļāļēāļĢāđāļāļĨāļāļāđāļēāļ§ FOMC
EURUSD āļĨāļāļĨāļ 0.4% āļŦāļĨāļąāļāļāļēāļĢāļāļĢāļ°āļāļļāļĄ FOMC!
āļāđāļēāļ§āđāļāđāļāļ§āļąāļāļāļĩāđ 18 āļĄāļī.āļĒ.
BREAKING: āđāļĻāļĢāļĐāļāļāļīāļāļāļđāđāļāļĢāļīāđāļ āļāļŠāļŦāļĢāļąāļāļŊ āļĒāļąāļāđāļāđāļāđāļĢāļ āļŦāļāļļāļāļāļāļĨāļĨāļēāļĢāđāļŦāļĨāļąāļāļĒāļāļāļāļēāļĒāļāđāļēāļāļĨāļĩāļ
