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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBanai Flags HUF670bln Warchest for Curbing Energy Prices
- NBH kept the one-week deposit rate unchanged at 6.75% this morning, alongside expectations. This is inline with the NBH comms from the last rate-setting meeting, with the bank only tweaking the one-week depo rate on a monthly basis going forward, barring any protracted market volatility.
- In an interview with Hir TV, state secretary for the finance ministry Banai flagged that Hungary’s draft budget includes a HUF 670bln fund earmarked for protecting Hungarians from gas and electricity price increases.
- The Hungarian debt agency AKK has doubled its FX issuance target for this year from €2.6bln to €5.1bln following the EU decision to block Hungary’s access to recovery funding. The agency added that the ratio of FX debt may remain within the reference range of 10-25% of total debt.
- Budget balance data is the sole release Thursday, due at 1000BST/0500ET.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.