Majority expects tightening to start only in 2019.
Aims to curb mortagage spreads.
President Patai estimates banks' annual profit at HUF 250-300 bn.
Households' holdings of currency and deposits fall.
2018 budget deficit target is attainable.
NBH unlikely to be under pressure to tighten liquidity conditions.
Regional heterogeneity remains considerable.
And places the whole of it in reserves.
Via unconventional, targeted instruments, if inflation remains persistently below target.
Let's see what the market thinks and what the MPC has to say.
Interest rate corridor remains unchanged too.
MNB seen hiking rates at an ever later date.
Rate meetings, Q1 GDP in focus this week
Shrugs it off to be more precise.
Quarterly report lands.
Base rate, interest rate corridor left on hold, but...
Bigger-than-expected reduction.
Yet we should keep our eyes peeled for official statement.
Base rate is not the important part here.
In 2019.