Free Trial

Investors To Focus on CPI Data (Nov 9)

HUNGARY
  • On Friday, industrial production fell more than expected to -1.7% YoY in September (vs. -0.2% exp), down from revised 0.5% the previous month.
  • Hungary's Finance Minister Mihaly Varga mentioned at an event recently that Hungary GDP growth is now seen at less than 7% for this year.
  • Next key economic data to watch will be CPI inflation, coming out on November 9.
  • Inflation is expected to accelerate to 6.2% YoY in October according to sell side firms, up from 5.5% the previous month.
  • It is likely that a positive surprise will result in an aggressive '30bps' hike at the next meeting on November 16.

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.