National Bank of Hungary will hold a rate setting meeting today, where according to analysts polled by Reuter’s the base rate will be left unchanged at 8.0%. The decision will be announced at 14:00 CET. Out of the 19 analysts asked 15 voted for hold, three expected a 25 bps cut and one saw a 50 bps reduction. Accor
ding to analysts' consensus 100-125 bps cut is expected until 2007 year end.