Free Trial
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.
Hungary Central Bank
Executive Summary:
- NBH expected to raise its benchmark rate by 30bps to 0.9%
- Growing concerns over inflation risks have led to a rising number of policymakers adopting a more hawkish tone in recent weeks
- May CPI print remained elevated at 5.1% YoY, significantly higher than NBH 4% upper tolerance band
- Uncertainty about the economic recovery remains elevated
- PM Orban 'very concerned' about the sudden slowdown in vaccination campaign
Full preview here:
The National Bank of Hungary (NBH) is expected to raise its benchmark by 30bps for the first time since the March 2020 panic, up to 0.9%, following NBH policymakers' recent hawkish comments. As for other CEE peers, we have seen that growing concerns over inflation risks have led to a rising number of policymakers adopting a more hawkish tone in recent weeks.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok