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Hungary's gloomy outlook hasn't brightened much as we await key data
The negative momentum in Hungary’s labour market continues
In Sweden, the Riksbank should stay on hold and – in our view – not fully endorse rate cut expectations for the first half
The National Bank of Hungary cut the base rate by 75bp, and delivered a hawkish message for the second quarter ahead
Markets are navigating much calmer waters after last week’s action
Overnight activity suggests Chinese authorities are not allowing a new period of renminbi weakness
The Fed's favoured measure of inflation and the National Bank of Hungary's upcoming meeting are in focus next week
We favour the Polish zloty over the Czech koruna and Hungarian forint - largely on the back of the interest rate story plus inbound EU money
The National Bank of Hungary is set to deliver a 75bp cut, coupled with hawkish forward guidance
We expect a 0.3% MoM core CPI this week, which remains inconsistent with a cut before June and can give the dollar some support