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HUNGARY: Orban, Nagy to Speak at University Event Later Today

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • EURHUF ended yesterday’s session moderately lower. The cross had traded to as low as 393.79 before its losses were partially pared following comments from Deputy Governor Virag, who stated that the NBH would consider rate cuts at each of the following meetings this year.
  • That was more dovish than guidance in the policy statement but still suggests an unchanged view on the future path of interest rates. Our full review for yesterday’s decision, with a summary of sell-side analyst views, will be released later today.
  • Hungary's current account surplus narrowed to EUR 1.953bn in Q2 from a revised EUR 2.382bn in Q1, according to data from the NBH.
  • Prime Minister Viktor Orban and Economy Minister Marton Nagy will speak at an event at the public-service university today. There are no other economic releases scheduled for today, with economic sentiment and unemployment rate figures due later in the week.
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  • EURHUF ended yesterday’s session moderately lower. The cross had traded to as low as 393.79 before its losses were partially pared following comments from Deputy Governor Virag, who stated that the NBH would consider rate cuts at each of the following meetings this year.
  • That was more dovish than guidance in the policy statement but still suggests an unchanged view on the future path of interest rates. Our full review for yesterday’s decision, with a summary of sell-side analyst views, will be released later today.
  • Hungary's current account surplus narrowed to EUR 1.953bn in Q2 from a revised EUR 2.382bn in Q1, according to data from the NBH.
  • Prime Minister Viktor Orban and Economy Minister Marton Nagy will speak at an event at the public-service university today. There are no other economic releases scheduled for today, with economic sentiment and unemployment rate figures due later in the week.