Free Trial
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
- Selling pressure on HUF has remained elevated this week as NBH continues to leave its policy rate unchanged at 4% (1W depo).
- The forint is the second weakest performing currency among the EM world, down 1% against the USD and -0.6% against the Euro.
- RUB is the worst performing currency this week due to on-going geopolitical instability.
- Next core meeting is taking place on January 25, and the NBH is expected to continue its gradual tightening policy by raising its 'core' policy rate by 30bps to 2.7%.
- The NBH is expected to gradually increase its ‘core’ policy rate towards its 1W depo rate in H1 2022.
- The 1W depo rate is also expected to be increased by 30bps to 4.3% on Thursday (Jan 27) and is likely to be raised to (or above) 4.5% in the ST to ease inflationary pressures and limit the downside risk on HUF.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok