MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Favourable Risk Environment Allows For Normalisation of Rates, NBH Says

HUNGARY
Key highlights from the press statement:
  • In the Monetary Council’s assessment, the still favourable risk environment has enabled the Bank to continue the normalisation of the interest rate environment.
  • In the current environment, a cautious and gradual approach is warranted.
  • The current level of the base rate is adequate to manage fundamental inflation risks.
  • The external balance has continued to improve. The trend-like improvement in the external balance has been driven by a more favourable energy balance and terms of trade, the adjustment of domestic demand and dynamic export growth.
  • In the coming months, domestic inflation and core inflation will continue to decrease at a rapid pace.
  • The inflation path expected for next year has shifted slightly upwards relative to March due to the Government’s tax measures, and thus the consumer price index may return to the central bank tolerance band in early 2025. Annual inflation may fluctuate between 16.5–18.5 percent in 2023, 3.5–5.5 percent in 2024 and 2.5–3.5 percent in 2025.
See the full policy statement here: https://www.mnb.hu/en/monetary-policy/the-monetary...

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.