It was not the most likely scenario...
Data and events piling up
1-week deposit tender announced
Deputy Governor Barnabás Virág talks with press
Benchmark rate raised off schedule
Deal with EU could also turn things around
Virág props up forint for a full minute
Interest rate on 1-week depo still 6.75%
Monetary Council member Bianka Parragh talks business
The May data are in
May CPI data to be published on Wednesday
Same pace
MNB releases statement after 50bp rate hike
Barnabás Virág talking with analysts
Monetary Council trims base rate hike to 50 basis points
Monetary Council meets on Tuesday
We'll find out what made the Hungarian economy boom in Q1
1-week deposit tender announced
It is impossible to offset upward pressure on prices in the short term by raising interest rates - Virág
No surprise there