MNB Expected to Cut Base Rate to 5.75% – Commerzbank

Commerzbank analyst Tatha Ghose expects the Magyar Nemzeti Bank (MNB) to deliver a 25-basis-point rate cut at its upcoming meeting, bringing the base rate down to 5.75%. This move would extend the easing path that began in June, supported by a continued decline in inflation.

The forecast assumes that disinflation trends remain intact, allowing the MNB to gradually loosen monetary policy. No specific timeline for the decision was provided in the note.