Free Trial

Changes in Risk Environment Warranted 75bp Cut, Virag Says

HUNGARY

Comments from Deputy Governor Virag's press briefing are crossing wires. Below highlights via Reuters News:

  • Econ fundamentals would have allowed larger cut.
  • Council decided to cut 75bps due to changes in risk environment.
  • Risk assessment changed since last Monday.
  • Uncertainty in EU relations has increased again.
  • This has had an impact on financial markets.
  • External investor sentiment volatile.
  • Sees larger surplus in current account in 2023 and 2024 than earlier.

To read the full story

Close

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.