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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.
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Free AccessHungary to End Controversial Cap on Bank Deposits from April
- Bloomberg report that Hungary will end a cap on bank deposit rates from April 1 as part of its latest steps to roll back measures which had been criticised by the central bank for interfering with its monetary policy.
- Last week, the Economy Ministry said that the government will not be renewing the interest rate cap on small and middle size firms, due to end on April 1. The cap has been in effect since November 2022 and the ministry said it saved more than 50,000 firms a total HUF 150bln ($410m) in interest payments.
- Prime Minister Viktor Orban will attend an EU summit today. There are no economic releases scheduled for the remainder of the week, with attention turning to next week's NBH meeting.
To read the full story
Sign up now for free trial access to this content.
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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.