# Central Bank Policy Divergence Brief The ECB (2.25%) and Magyar Nemzeti Bank (5.50%) are moving in opposite directions despite similar inflation challenges—the ECB just tightened by 25bp citing persistent above-target inflation through 2027, while Hungary's central bank eased by 25bp on a more favorable inflation outlook—highlighting divergent regional economic trajectories. Meanwhile, the Bank of Canada (2.25%) and Bank of Korea (2.75%) remain on hold amid mixed signals, with Canada acknowledging upside inflation risks from geopolitical tensions and trade uncertainty, while Korea's deposit rate tightening suggests underlying monetary pressure despite its stable policy rate.