Commerzbank’s Tatha Ghose assesses the latest inflation data for Poland, Czech Republic and Hungary following the recent energy price spike. He notes that while headline inflation accelerated as expected, core measures show only mild, statistically noisy upticks.
Societe Generale analysts say EUR/HUF’s February decline stalled near 374 before a sharp rebound toward 400, with the 50‑DMA at 383/381 acting as key support. They expect possible consolidation between 383 and 396, warning that a break below support could revive the broader downtrend.
Commerzbank’s Tatha Ghose expects Hungary’s MNB to deliver a 25bp rate cut at today’s meeting, though guidance has been mixed after Governor Varga’s earlier hawkish pivot. Softer January inflation and disinflationary HICP trends across the EU provide data-driven justification for easing.