MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CPI Expected to Cool Slightly to 25.4% y/y Tomorrow (0730 GMT/0830 CET)

HUNGARY
  • CPI data is on the docket tomorrow morning at 0730 GMT/0830 CET, where prices are expected to cool slightly to 25.4% y/y after the removal of the fuel cap in 2022 mechanically increased inflation at the beginning of the year (Prior: 25.7% y/y).
  • The central bank kept the key and effective rates unchanged at its latest meeting on the premise that CPI is likely to remain at its peak for some time before disinflation accelerates in Q2.
  • While CPI may have peaked, the disinflationary pace will largely depend on base effects, with headline inflation expected to remain the highest in the EU. Therefore, the NBH will be wary of any potential upside price developments that suggest inflation is stickier than expected - as such will be paying close attention to the core component which accelerated in January.
  • On the other hand, a softer inflation print may alleviate pressure to keep rates restrictive in order to support the economy which has recorded a lower-than-expected 4.7% y/y fall in retail sales and 3.2% y/y decline in industrial production this week.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.