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HUNGARY: Gov. Official Says Hungary Sovereignty Attacked at EU Summit

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Hungary's sovereignty was at the receiving end of a "head-on attack" at the summit of EU leaders this week, the state secretary for international communication and relations said over the weekend as per MTI, adding that Brussels was likely trying to interfere in another area of Hungarian domestic politics.
  • The piece adds that while so far Hungary had been attacked over its policies concerning demography, its utility price caps and its position on the Russia-Ukraine war, this time it was over tax policy, the state secretary said.
  • Looking ahead, the NBH rate decision is the key event of the week tomorrow afternoon, where the central bank is expected to keep its base rate on hold at 6.50% - in-line with guidance from Deputy Governor Virag. Our full preview for the decision, with a summary of sell-side analyst views, will be released later today.
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  • Hungary's sovereignty was at the receiving end of a "head-on attack" at the summit of EU leaders this week, the state secretary for international communication and relations said over the weekend as per MTI, adding that Brussels was likely trying to interfere in another area of Hungarian domestic politics.
  • The piece adds that while so far Hungary had been attacked over its policies concerning demography, its utility price caps and its position on the Russia-Ukraine war, this time it was over tax policy, the state secretary said.
  • Looking ahead, the NBH rate decision is the key event of the week tomorrow afternoon, where the central bank is expected to keep its base rate on hold at 6.50% - in-line with guidance from Deputy Governor Virag. Our full preview for the decision, with a summary of sell-side analyst views, will be released later today.