Hungary Set for Half-Point Cut as Scope for Policy Easing Narrows

-- Hungary is poised to deliver the penultimate interest rate cut on the back of a strengthening currency, before rebounding inflation puts an end to a year-long monetary easing cycle.Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’The National Bank of Hungary will lower the benchmark rate by a half-point to 7.25% on Tuesday, matching the pace in April and the estimate of all but one of 25 economists in a Bloomberg survey.

The rate caution and less pressure from Prime Minister Viktor Orban’s government for lower rates to bolster an economic recovery has helped the forint throughout May. NEW YORK — The judge in Donald Trump's hush money trial cleared the courtroom of reporters Monday and then threatened to remove the defense's witness from the trial altogether because of his behavior on the stand, which included making comments under his breath and rolling his eyes, a court transcript showed. Judge Juan M. Merchan told Robert Costello, a former federal prosecutor, that his conduct during testimony was contemptuous.

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Hungary Set for Half-Point Cut as Scope for Policy Easing NarrowsHungary is likely to cut borrowing costs by half a percentage point for a second month as rebounding inflation narrows policymakers’ scope for more extensive monetary easing.
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Colombia Central Bank Lowers Key Rate Half a Percentage Point to 11.75%Colombia’s central bank lowered its key interest rate by half a percentage point to 11.75%, defying calls from the government for a deeper cut to boost economic growth.
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Only Half of Global Rate Hikes Set to Be Taken Back by End-2025Major advanced economy central banks are likely to take back less than half of the interest-rate hikes they rammed through over the past two years — an outlook reshaped significantly by US outperformance.
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