The National Bank of Hungary is expected to maintain policy rates unchanged. The decision is unlikely to affect the Forint, in the view of economists at Commerzbank. 

MNB’s rate decision a non-event

“A rise in the Hungarian inflation rate to 22.5% in November is no doubt unfortunate – this is the highest level since 1996. But the Hungarian central bank (MNB) will nonetheless keep its key rate unchanged at 13% today, which consensus is also expecting.” 

“Initially inflation in December is likely to rise further after the fuel price cap was abolished. As a result, HUF might get a battering in mid-January when the December inflation data is published. Today’s rate decision is likely to be a non-event for the market though, thus not having much effect on the exchange rates.”