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HUNGARY: Virag Says Room for October Rate Cut Has Narrowed

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Deputy Governor Barnabas Virag told investors that the NBH’s room to continue cutting interest rates at its upcoming October meeting has narrowed because of geopolitical risks, Bloomberg reported yesterday evening. According to people familiar with the matter, he cited next month’s US elections as well as escalating tensions in the Middle East to an investor call.
  • MTI report that the National Economy Ministry and the Central Statistics Office (KSH) signed a cooperation agreement on establishing a professional and technical framework for exchanging information. "Thanks to the bilateral agreement, faster data exchange contributes to the more efficient implementation of government decisions and measures, underpins them and facilitates their preparation," the state secretary for employment policy at the National Economy Ministry said.
  • Prime Minister Orban will present the priorities of Hungary’s EU presidency to the European Parliament at a speech that was scheduled to have begun at 08:00BST/09:00CET. Minutes from the central bank’s September meeting will be released at 13:00BST/14:00CET.
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  • Deputy Governor Barnabas Virag told investors that the NBH’s room to continue cutting interest rates at its upcoming October meeting has narrowed because of geopolitical risks, Bloomberg reported yesterday evening. According to people familiar with the matter, he cited next month’s US elections as well as escalating tensions in the Middle East to an investor call.
  • MTI report that the National Economy Ministry and the Central Statistics Office (KSH) signed a cooperation agreement on establishing a professional and technical framework for exchanging information. "Thanks to the bilateral agreement, faster data exchange contributes to the more efficient implementation of government decisions and measures, underpins them and facilitates their preparation," the state secretary for employment policy at the National Economy Ministry said.
  • Prime Minister Orban will present the priorities of Hungary’s EU presidency to the European Parliament at a speech that was scheduled to have begun at 08:00BST/09:00CET. Minutes from the central bank’s September meeting will be released at 13:00BST/14:00CET.