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Central Europe
November 23, 2018 www.intellinews.com I Page 14
non-conventional measures, scaling back forint liquidity providing FX swap instruments, and start raising overnight deposit rates, but the base rate could remain unchanged until mid-2020.
Erste expects MNB to start monetary tightening next year as core inflation is set to accelerate as
a result of strong consumer demand. Rate-setters may signal which monetary policy tools will be reversed at the next meeting.
The Hungarian forint was little changed after the released of the MNB statement, trading at 321 against the euro.
The Monetary Council has left the base rate on hold since signalling an end to an easing cycle at a policy meeting in the spring of 2016. Since that time rate-setters have made use of a number
of unconventional, targeted instruments to ease monetary policy further.
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Saint-Petersburg December 6-7
XVI Russian
Key topics - 2018:
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2018 Bond Congress
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