Free Trial

Goldman Sachs: Red-Hot Economy Cements Bets on Hungarian Rate Hikes

HUNGARY
  • Record-high annual economic growth is giving credence to the Hungarian central bank's plans to remain the club's front-runner in monetary tightening designed to tame inflation
  • "We have been surprised by the strength of today's GDP data because it is significantly stronger than the growth implied by monthly indicators,"
  • 3x6 FRA-Bubor Spreads currently pricing in +71bp in hikes over a 3-6m period.


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.