Hungary Likely to Cut Rates as Forint Gains and Inflation Slows (opens original article in a new tab)

Hungary's central bank is expected to lower interest rates for the first time in months due to slowing inflation and a stronger forint, contrasting with other European central banks that have raised rates.

• Hungary's central bank is likely to cut benchmark interest rates by 0.25 percentage points to 6%
• Inflation slowed to 1.8% in May, below the central bank's 2-4% target
• The forint has strengthened 9% against the euro, reducing imported inflation risks
• Analysts expect further rate cuts in the coming months