Hungary cbank to eye market expectations when deciding on 18% quick deposit rate -cbanker

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, April 25 (Reuters) - Hungary's central bank will take into account markets' rate expectations and will exercise caution when deciding on any change in the 18% quick deposit rate in coming months, deputy Governor Barnabas Virag told a briefing on Tuesday. Virag said any changes in the effective policy rate will be gradual. He also said that analysts' expectations for the 18% one-day deposit rate to converge to the 13% base rate in the autumn looked "realistic".



(Reporting by Krisztina Than and Gergely Szakacs)

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