MNI BRIEF: China March M2 Slows More Than Expected

MNI China Daily Summary: Friday, April 12

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: PBOC Injects Net CNY2 Bln Via OMO Fri; Rates Unchanged

MNI: US MAR IMPORT PRICES +0.4%

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

CHINA END-MAR M2 +8.3% Y/Y VS MEDIAN +8.8%; END-FEB +8.7% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Government Downgrades GDP Expectations in EU Filing

HUNGARY
  • State newswire MTI cites the government as setting 2022 GDP growth at 4.3% as part of their convergence documents submitted to the EU. This is a downgrade from the pre-Ukraine war forecasts of 5.9%. They now see the general deficit dropping to 4.9% this year, with debt-to-GDP dropping to 76.1% at year-end.
  • Hungary has stated it would oppose any European Union effort to ban energy imports from Russia, according to cabinet minister Gulyas, who spoke on HirTV. The comments suggest the European effort to phase out Russian oil by the end of the year may not extend to all EU nations.
  • March PPI accelerated by 4.8% M/M, 25.9% Y/Y – marking a series high for the M/M release, and the highest since 1996 Y/Y. Meanwhile, April manufacturing PMI came in ahead of expectations at 58.9 vs. Exp. 55.0.
  • Today is the first parliamentary session since the early April elections, marking the fourth parliament led by Orban’s Fidesz party. Orban is expected to confirm his cabinet in around two weeks’ time.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.