BUDAPEST, July 27 (Reuters) – The National Bank of Hungary (NBH) raised its base rate by 30 basis points to 1.2% on Tuesday, above analyst forecasts, delivering its second rate rise in as many months to rein in higher-than-expected inflation.
The bank also raised its overnight Deposit Pocketoption rate by 30 basis points to 0.25% and the collateralised loan rate by 30 basis points to 2.15%.
Rate tightening bets in a July 19-21 Reuters poll ranged from 15 basis points to 30 basis points.
At 1203 GMT, the forint traded at 359.67 versus the euro, stronger than three-month-lows around 361 just before the announcement. (Reporting by Gergely Szakacs; Editing by Jon Boyle)