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fxJul 22, 2026, 7:58 AM

Hungarian Forint Rally Fades After Rate Cuts, Societe Generale Says

Societe Generale strategists reassess the Hungarian Forint after the central bank cut its policy rate to 5.75% and signaled more easing, expecting a terminal rate of 5.0% by year-end.

EURHUF

Societe Generale strategists have issued a note on the Hungarian Forint (HUF) following the Magyar Nemzeti Bank’s (MNB) decision to lower its policy rate to 5.75% and signal further monetary easing.

The bank expects a terminal rate of 5.0% by the end of the year, with the EUR/HUF pair already having bottomed out. The rally against the euro is now being reassessed as the easing cycle deepens.

Source: FXStreet Forex News