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HUNGARY: Local Markets Remain Closed Over National Holiday

HUNGARY
  • Local markets remain shut as Hungary celebrates a national holiday. 
  • Relations between Germany and Hungary are of prime importance both in terms of their alliance and from a strategic point of view, President Tamas Sulyok said after talks with his German counterpart Frank-Walter Steinmeier on Monday as per MTI.
  • Data-wise, unemployment rate figures for July provide the highlight of the week on Friday and is the only local release of note this week. Looking ahead, the NBH rate decision then takes focus on Aug 27, with early sell-side views looking for a ‘hold’ decision following the above-consensus inflation print in July.

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