MarketPR
Hungary's consumer price index came in below market expectations, cooling faster than most economists forecast and handing the National Bank of Hungary its clearest case yet for an easing pivot.
Commerzbank analysts say the softer print — reinforced by moderating core measures — opens a credible path for rate cuts in the months ahead.
For the forint ($FIAT), the data marks the start of a more uncertain phase after a period of relative stability. CPI Data Shifts the Policy Calculus Hungary's disinflation is running ahead of consensus.
Both headline and core CPI decelerated, a combination that suggests the MNB's aggressive tightening cycle — among the steepest in the European Union — is producing results.
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