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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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Free AccessFood Price Caps to End in August; Unemployment Rate Falls to 3.8% in May
- The government has decided to maintain the current cap on the price of some food products until August 1, after which the scheme will end, Gergely Gulyas told a regular press briefing on Thursday. Central bank Governor Gyorgy Matolcsy has previously criticised Prime Minister Viktor Orban’s government for a series of “strategic mistakes” over spending and state intervention. He said pre-election spending and the introduction of a food price cap backfired as they pushed grocers to hike the costs of other products.
- Hungary’s unemployment rate fell to 3.8% (Est: 3.9%) in May from 3.9% in April, according to data released by the Central Statistical Office this morning.
- Fitch Ratings, which cut the outlook on Hungary’s investment grade to 'negative' and affirmed its ‘BBB’ rating at the start of the year, is scheduled to publish its latest sovereign credit assessment after hours today.
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.