Macrocomment from Concorde Securities
Hungary MNB simplifies its policy mix, no tightening announced
The MNB has today announced the simplification of its set of policy tools. The announced simplification has not come together with any decisions regarding the monetary policy stance. That said, given the decision to get rid off some of the recently introduced monetary policy tools and reclassifying some as long-standing i.e. not “unorthodox”, signals that the central bank is considering the likely path of its exit from the ultra loose monetary stance. The announcement in its essence is in broad accordance with the exit followed by other central banks.
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