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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.
HUNGARY
- Yields on 10Y bonds continue to slide following last week’s savings tax announcement and currently sit 12bps lower on the day. Worth noting the HU-GE 10y yield spread has narrowed further to lows last seen in Feb'22 (figure 1).
- Today’s CPI data showed prices cooling to a lower-than-expected 21.5% y/y (Est: 22.3%), though the NBH are still widely expected to deliver another cut to the effective rate at this month’s rate setting meeting on June 20. Minister of Economic Development Marton Nagy said in an interview to local news site vg.hu that "Reaching single-digit inflation by the end of the year could mean that central bank interest rates could also be single-digit by the spring of 2024."
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.
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