0854 GMT [Dow Jones] HUF wouldn't be pressured by a rate cut says
Raiffeisen, ahead of the central bank's rate decision due at 1200 GMT.
Raiffeisen notes that central banks around the world are in a an
easing trend and Hungary would fit into the pattern if it followed
suit. Despite the uncertainty about the balance of votes in the
rate-setting council, Raiffeisen doesn't expect a cut of the 7% base
rate this month. Raiffeisen traders see EUR/HUF in a range of 287.05
to 288.95 Tuesday. EUR/HUF is now at 287.35 vs 288.21 late Monday.
(gergo.racz@dowjones.com)
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(END) Dow Jones Newswires
July 24, 2012 04:54 ET (08:54 GMT)
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