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

ING See Pace of Hungarian Disinflation Slowing, With Two Waves of Reflation This Year

HUNGARY
  • ING see the pace of Hungarian disinflation slowing, and they expect two rounds of reflation to take place this year, driven by base effects. They see headline inflation hovering around 3.3-3.5% in the coming months, with services inflation likely to remain the main driver, however, the generally benign inflation picture will not last too long.
  • They see a first round of reflation in May, and a second in October, resulting in their inflation forecast for Dec’24 remaining in the 5.5-6.0% range, but their point estimation is currently closer to the upper limit.
  • ING do not rule out the need for a fiscal adjustment in the second half of the year to achieve the 4.5% (still unofficial) deficit target. In case of adjustments, these measures could be partially pro-inflationary. The latest data pushes for another 100bps cut in March. However developments in financial markets, especially in the FX market, could reshape the risk and limit the central bank's room for manoeuvre.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.