MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

Goldman Sachs Expect 100bp Cut With Agreement on Ukraine Aid Now Reached

HUNGARY
  • Goldman Sachs say the decline in inflation was broad-based across most categories of the CPI basket, owing to helpful base effects and generally weak sequential momentum. Given the weakness of inflation dynamics, Goldman Sachs continue to view the HUF as the ‘binding constraint’ on the NBH's pace of rate reduction.
  • Arguably, the most recent bout of HUF weakness (following news reports that the EU was adopting a more assertive approach with Hungary over its obstruction of aid to Ukraine) prevented the NBH from accelerating its cutting cycle from 75bp to 100bp at the MPC last week, they note. However, now that an agreement on Ukraine aid has been reached, Goldman Sachs think the NBH will most likely speed up its cutting cycle to 100bp this month instead.
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.