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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.
HUNGARY
- Is the overshoot in inflation in the CEE region already priced in by the market or should we expect some readjustments in the currency market (i.e. weaker CEE currencies) as inflation continues to rise?
- Some sell-side banks have been closely watching 370 resistance on EURHUF as further HUF weakness could eventually push the NBH to hike its 1W depo rate (currently at 0.75%) as early as Q2 despite the worsening Covid situation.
- However, consensus expects the HUF to slightly strengthen relative to the Euro in the medium term:
- 2021 year-end consensus sees EURHUF at 364
- 2022 year-end: 361
- 2023 year-end: 333
Source: Bloomberg/MNI
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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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