{
  "id": 3236145,
  "title": "Hungarian Forint: Holding firm against Euro below key resistance - Societe Generale",
  "url": "https://urgent.news/2026/08/25/hungarian-forint-holding-firm-against-euro-below-key-resistance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T09:48:07.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/hungarian-forint-holding-firm-against-euro-below-key-resistance-societe-generale-202608250948"
  },
  "original_language": "en",
  "account": "Societe Generale analysts predict the Hungarian central bank, Magyar Nemzeti Bank (MNB), will reduce interest rates by 25 basis points to 5.50% today. This move is driven by dovish July minutes and softer-than-expected inflation. EUR/HUF has retreated to approximately 362, after failing to surpass 368, with 359/358 identified as the first crucial support level. A surprise hawkish stance could push the currency back towards 360, while breaking above the 200-day moving average near 371 would be required to reignite a broader recovery. In Central and Eastern Europe (CEE), the MNB is expected to implement its fourth 25bp rate cut this year, lowering the base rate to 5.50%. Dovish minutes from the July meeting and a July CPI lower than expected further support the possibility of additional rate cuts. Experts anticipate inflation to reach 1.5% in 2026 and 2.4% in 2027, with policy easing to 5.00% by the end of 2026 and 4.00% by the end of 2027. The dovish outlook suggests that any hawkish reversal could see EUR/HUF move back to the 360 mark (the 100-day moving average). After creating an interim low of 348 in June, EUR/HUF has gradually rebounded. The currency has faced strong resistance near the late-April peak of 368. However, a base formation is evident; yet, clear indications of significant upside are yet to materialize. The 200-day moving average, around 371, could act as short-term resistance; a break above this level would signal a potential extended rebound. The recent pivot low at 359/358 marks the initial support. A breach below this could reignite the broader downtrend.",
  "summary": "Societe Generale strategists expect Hungary's central bank, Magyar Nemzeti Bank (MNB), to cut rates by 25 bp to 5.50% today, with dovish July minutes and softer-than-expected inflation leaving room for further easing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Hungarian Forint: Rate path extends beyond summer – ING",
        "url": "https://urgent.news/2026/08/24/hungarian-forint-rate-path-extends-beyond-summer-ing",
        "published": "2026-08-24T09:16:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}