Free Trial
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.
HUNGARY
- This morning, economic data showed that inflation remained steady in December at 7.4%, slightly more than expected (7.2% YoY).
- HUF is slightly up following the release, currently trading around 309 level.
- HUF has been one of the best FX movers since the start of the year and the best performing currency among the EM world; the forint is up 5% against the USD and 4% against the Euro.
- Even though the NBH decided to mark a pause in its tightening cycle, traders have been digesting the upward revision in the CEE CBs terminal rate.
- Yesterday, Marton Nagy, economic adviser to PM Orban, mentioned in an interview that Hungary price caps on fuel and some basic food staples could reduce CPI by up to 2.5 ppts.
- Inflation is likely to average 5% in 2022 as inflationary pressures are expected to remain elevated longer than previously anticipated amid surging energy prices.
Source: Bloomberg/MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok