Expect Hungary To Become More Dovish, Says Citi — Market Talk

1349 GMT Investors should expect the Hungarian central bank to become even more dovish in light of latest data on domestic demand, Citigroup says. Hungary “will not close the doors for further cuts despite earlier intentions to keep policy rates unchanged,” Citi says. Another course of action would be to significantly lower the Budapest Interbank Offered Rate, it adds. Citi remains positioned in 5-year Interest Rate Swap receivers in Hungary and also overweight duration in Hungarian government bonds. (margit.feher[a]wsj.com [a]margitfeher)

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