June 26, 2020 / 7:38 AM / 12 days ago

Market pricing of further Hungary rate cuts overdone -cbanker Virag

BUDAPEST, June 26 (Reuters) - Market pricing of further interest rate cuts by the National Bank of Hungary is exaggerated, Deputy Governor Barnabas Virag said on Friday.

“Current FRA (forward rate agreement) pricings are exaggerated – Market participants are pricing further monetary easing, much larger than the 15 bp I suggested,” told Reuters in an emailed reply to questions.

Reporting by Gergely Szakacs and Marton Dunai; editing by John Stonestreet

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