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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
ECB Confirms They Have Received Hungary's Request for Change in CB Law
- Bloomberg cites the ECB in reporting that they have received Hungary's request to change their central bank law.
- Headlines follow finance minister Varga flagging that the government are to amend central bank law in January next year to prevent having to cover NBH losses stemming from the government budget. Varga is supposed to have held talks with the ECB on the matter - so likely the focus for this headline.
- Varga had made an agreement with the NBH that allowed the NBH to 'correct' losses over the medium-term (he name checked 3-5 years), effectively meaning that negative equity poses no issues for the general operations of the central bank.
To read the full story
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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.