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fxJun 24, 2026, 8:39 AM

Hungary Cuts Rate by 25 bps to 6.00%; Standard Chartered Sees Faster Easing

The National Bank of Hungary cut its base rate by 25 bps to 6.00%, in line with expectations. Standard Chartered analyst Saabir Salad described the decision as notably dovish, signaling a faster easing path ahead.

USDHUF

The National Bank of Hungary (MNB) lowered its base rate by 25 basis points to 6.00% today, matching market expectations. Standard Chartered’s Saabir Salad characterized the move as "notably dovish," suggesting the central bank is leaning toward a faster pace of monetary easing.

The dovish signal puts additional pressure on the Hungarian forint, which may weaken further as the interest rate differential with other currencies narrows. Markets will now focus on the MNB’s next steps amid a shifting global rate environment.

Source: FXStreet Forex News