Dec. 15 (Bloomberg) -- The cost of insuring against a default on Hungary’s debt may rise because of a proposal to merge the central bank and the financial regulator, according to BNP Paribas SA.
The central bank may respond to the deterioration of the country’s perceived risk by raising the benchmark interest rate further, Bartosz Pawlowski, a London-based strategist at BNP Paribas, and colleagues wrote in a research report today.
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