Hungary Nears End of Rate-Cut Cycle as Risks Mount, Palotai Says
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Hungary’s central bank, which cut borrowing costs to a record this week, is nearing the end of its easing cycle as risks mount, including from expected monetary tightening in the U.S., according to an executive at the bank.
Two of the risk scenarios considered by rate-setters point in the direction of tighter monetary conditions, with one suggesting the need for looser policy, National Bank of Hungary Executive Director Daniel Palotai said on Thursday in Budapest.