The Hungarian Forint underwent significant volatility in recent weeks, but staged a rally on Friday following encouraging CPI data. External factors are becoming more supportive, economists at Commerzbank note.
Inflation data once again encourages
“Overall, the data strengthened earlier tentative indications that inflation peaked last autumn.”
“The crucial issue remains how much inflation will slow down after having peaked. The government has used minimum wage hikes liberally to neutralise the effect of high inflation on purchasing power; this will add layers of second-round inflation over the coming year. This will come against a background of Hungary’s deeply negative real interest rate, which will not help combat second-round effects.”
“Forint is enjoying slight relief because external inflation drivers are becoming more supportive. Whether this will be enough to close the monetary policy gap or remain a structural problem, only time will tell.”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发