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Hungary Celebrates 1956 Revolution Memorial Day

  • Note that Hungary celebrates a National Holiday today. As such, there is very little in the way of domestic news flow and no data releases scheduled for today. Local markets remain closed until tomorrow.
  • Gazprom will send additional gas to China and Hungary this year, the company’s chief executive said in an interview on Sunday that was cited by Bloomberg. It wasn’t disclosed how much more gas the company would supply to Hungary throughout autumn and the upcoming winter. Additional gas flows to Hungary were already at 1.3bcm this year.
  • The highlight of the week is tomorrow’s NBH rate decision. The central bank are expected to moderate the pace of rate hikes at this meeting – though all options from no change to another 100bp cut are on the table. Our full preview of the decision, with sell-side analyst views, will be released later today.

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