{"id":236352,"date":"2024-01-26T16:54:40","date_gmt":"2024-01-26T11:24:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=236352"},"modified":"2024-01-26T16:54:40","modified_gmt":"2024-01-26T11:24:40","slug":"lower-eur-huf-is-good-news-for-the-nbh-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lower-eur-huf-is-good-news-for-the-nbh-ing-crypto-news\/","title":{"rendered":"Lower EUR\/HUF is good news for the NBH \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The National Bank of Hungary will meet next Tuesday, giving the Hungarian Forint (HUF) more market attention than usual. Economists at ING analyze EUR\/HUF outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">A stronger US Dollar is not good news for HUF and the CEE region<\/h2>\n<blockquote>\n<p>The Minister for Economy is proposing a change in the money market rate BUBOR which would be replaced by T-bills yields for corporate loans pricing. For now, this is just a proposal but it triggered an exchange between the minister and the central bank, which contributed to higher EUR\/HUF volatility on Thursday.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Looking ahead, lower EUR\/HUF is good news for the central bank, and it may increase the pace of rate cuts to 100 bps next week (which is now our baseline view).\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>The interest rate differential has turned up in favour of HUF in the last two days, which should stop the recent sell-off. However, the situation reads poorly in the current environment and a stronger US Dollar after Thursday is not good news for HUF and the CEE region.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The National Bank of Hungary will meet next Tuesday, giving the Hungarian Forint (HUF) more market attention than usual. Economists at ING analyze EUR\/HUF outlook. A stronger US Dollar is not good news for HUF and the CEE region The Minister for Economy is proposing a change in the money market rate BUBOR which [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":84201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,2185,255,5139,684,250,252,247,253,249,256,254],"class_list":["post-236352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurhuf","tag-gta","tag-hungary","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/236352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=236352"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/236352\/revisions"}],"predecessor-version":[{"id":236353,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/236352\/revisions\/236353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/84201"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=236352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=236352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=236352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}