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
āļāļēāļĢāļāļĨāļīāļāļāļļāļāļŠāļēāļŦāļāļĢāļĢāļĄāļāļāļāļāļīāļāļēāļĨāļĩāļĢāļēāļĒāđāļāļ·āļāļ: -2.4% (āļāļēāļāļāļēāļĢāļāđ -0.4%, āļāđāļāļāļŦāļāđāļē 0.4%)
āļāđāļēāļ§āđāļāđāļ: āļāļąāļāļāļĩāļĢāļēāļāļēāļāļđāđāļāļĢāļīāđāļ āļ (CPI) āļāļāļāļāļāļĢāđāđāļ§āļĒāđāļāļāļāļĄāļēāļŠāļđāļāļāļ§āđāļēāļāļĩāđāļāļēāļāđāļĨāđāļāļāđāļāļĒ
āļāđāļēāļ§āđāļāđāļāļ§āļąāļāļāļĩāđ
Dollar Update: āļāļāļĨāļĨāļēāļĢāđāđāļāđāļāļāđāļēāļāļĩāđāļŠāļļāļāđāļāļĢāļāļ 2 āđāļāļ·āļāļ ðēð
