Oct 07, 2022
VOT Research Desk
EUR/HUF rate has surpassed 420. Since the Hungarian National Bank is expected to tighten, according to experts at TD Securities, the pair will reach 412 by the end of the fourth quarter.
Instead of following an inflation-driven monetary policy, we anticipate the NBH to keep doing so. In other words, raise rates in response to forint weakening rather than potential increases in inflation.
In Q4 2022, we predict that EUR/HUF will fluctuate between 400 and 430, before dropping down below 420 and settling at 412 at the conclusion of the quarter.
