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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:
- The NBH could surprise the market with a 30bps this week.
- Consensus is expecting a 15bps hike.
- A 30bps hike would ease the volatility on the long end of the interest rate curve.
- Weak HUF could also continue to support inflation expectations.
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The National Bank of Hungary (NBH) could surprise the market with a 30bps hike on October 19 to curb inflationary pressures, which are expected to remain elevated until at least the end of this year. Market consensus is expecting the NBH to maintain the pace of 15bps this week, which would lift the policy rate up to 1.80%, after the NBH decided to slow down the pace of the tightening cycle in September.
Source: Bloomberg/MNI
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.
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