FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inflation Could Reach 9.2% by End-2023, Moody’s to Review Hungary’s Sovereign Credit Rating

HUNGARY
  • Hungary recorded a EUR168m trade deficit in December, down from EUR1.395b in November, according to a second reading of data released this morning. The December shortfall was estimated at EUR154m in the first reading. Exports grew by an annual 12.1% while imports were up 9.8%.
  • Inflation could fall to 9.2% by the end of 2023, Finance Minister Mihaly Varga said at a talk organised on Thursday cited by MTI. Varga said energy prices are falling, while a recovery has started on Hungary's export markets, supporting disinflation. The government has said it aims to bring inflation down to "the single digits" by year-end.
  • Moody’s is scheduled to review Hungary’s sovereign credit rating after trading hours today. Their rating assessment of Hungary currently stands at Baa2, the second-lowest investment grade score, with a stable outlook. In January, S&P lowered Hungary by one step to BBB-, while Fitch cut the outlook on its BBB rating to negative from stable.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.