MNI BRIEF: China’s October Youth Employment Rate Remains High

MNI BRIEF: Beijing Retail Sales Growth Decline Narrows In Oct

MNI: China CFETS Yuan Index Up 0.49% In Week of Nov 15

MNI: PBOC Net Injects CNY38.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1907 Mon; +0.11% Y/Y

CHINA PBOC CONDUCTS CNY172.6 BLN VIA 7-DAY REVERSE REPOS MON

Japan Sep Machine Orders -0.7% M/M

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HUNGARY: Finance Minister Outlines Main “Pillars” of 2025 Budget

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Foreign minister Peter Szijjarto said on Monday that "the pro-war mainstream in Washington and Brussels have launched a final, bitter attempt against the new reality," MTI report. Referring to an upcoming meeting of EU foreign ministers in Brussels, the first since the US election, Szijjarto said "it will be a tough fight; me must stop efforts towards escalation in Brussels, too."
  • Meanwhile, Finance Minister Mihaly Varga said in an interview with public radio on Sunday that the three "pillars" of the 2025 budget were boosting Hungarians' purchasing power, ensuring affordable housing and scaling up SMEs, MTI report. He added that the budget would lay the foundation for a growth-based, multi-year wage agreement that would raise the monthly minimum wage to HUF 400,000. The budget assumes 3.4pc GDP growth.
  • The NBH rate decision is the highlight of the week tomorrow afternoon, where the central bank is expected to keep the base rate unchanged at 6.50%. Our full preview for the decision, with a summary of sell-side analyst views, will be released later today.
170 words

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.
  • Foreign minister Peter Szijjarto said on Monday that "the pro-war mainstream in Washington and Brussels have launched a final, bitter attempt against the new reality," MTI report. Referring to an upcoming meeting of EU foreign ministers in Brussels, the first since the US election, Szijjarto said "it will be a tough fight; me must stop efforts towards escalation in Brussels, too."
  • Meanwhile, Finance Minister Mihaly Varga said in an interview with public radio on Sunday that the three "pillars" of the 2025 budget were boosting Hungarians' purchasing power, ensuring affordable housing and scaling up SMEs, MTI report. He added that the budget would lay the foundation for a growth-based, multi-year wage agreement that would raise the monthly minimum wage to HUF 400,000. The budget assumes 3.4pc GDP growth.
  • The NBH rate decision is the highlight of the week tomorrow afternoon, where the central bank is expected to keep the base rate unchanged at 6.50%. Our full preview for the decision, with a summary of sell-side analyst views, will be released later today.