Hungary: CB kept the base rate unchanged
CB kept the base rate unchanged (9.50%) At its today’s rate setting meeting, the monetary council of the CB kept the base rate unchanged (9.50%), in line with expectations. The statement of the council will be released and the governor’s press conference will start at 3 pm.
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FOMC: preview of policy meeting
On Wednesday, at 20:15 CET, the Federal Open Market Committee (FOMC) is set to announce its policy decision. In line with consensus we expect the FOMC to keep the Fed funds rate unchanged in the range of 0.00-0.25%. The meeting will be a balancing act. On the one hand, there are members of the FOMC who fear that inflation expectations will run rampant unless the Fed states that it is ready with exit strategies. On the other hand, other members worry about the market’s aggressive expectations
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