Hungary’s central bank will likely cut its key interest rate by a full percentage point for a fifth month, ending an emergency monetary regime imposed last year to arrest a slump in the forint.

The Monetary Council will lower the overnight deposit rate to 13% when it meets on Tuesday, according to all nine forecasts in a Bloomberg survey. That will match the level of the base rate on required reserves, which is expected to become the effective rate again from next month.

Up Next

Hungary to Align Rates, Ending Emergency Regime