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Wage growth remains high in Hungary, but this year is still more of a wage catch-up than a real pick-up
The escalation in the Russia-Ukraine conflict had only a short-lived impact on FX
The National Bank of Hungary continues to play the game of patience and is prepared to keep rates on hold for an extended period
FX markets are consolidating after a period of heightened volatility
It’s mostly up to any positioning readjustment to keep the dollar from rallying further
James Smith’s cheerful guide to next week
We don’t see room for further rate cuts in Hungary until next spring or even later
CEE currencies remain vulnerable to a global trade war
In the near term, the positioning picture points to a USD correction, but it may be short-lived
ING's FX calls for 2025 after Trump's victory and the implications for monetary policy and growth