- EUR/HUF to drift modestly down over coming months – Commerzbank
Market news
11 tháng 12 2023
EUR/HUF to drift modestly down over coming months – Commerzbank
Leaving aside the Turkish Lira, the Forint was the notable underperformer among currencies in the central and eastern European region for the past three years. Economists at Commerzbank analyze EUR/HUF outlook.
EUR/HUF on a steady rising path later in 2024 and 2025
We forecast EUR/HUF to drift modestly down over the coming months because Hungarian inflation will probably moderate faster than MNB will cut rates.
But later in 2024 and 2025, wages and core inflation could prove stubborn, which will depress Hungary’s real interest rate, once more, and put EUR/HUF on a steady rising path.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page