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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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MNI INTERVIEW2: Poland To Push For EU Defence Fund
MNI NBH Review - July 2023: Convergence Continues
Executive Summary:
- Rate convergence continues, narrowing the spread between the base rate and the effective rate to 200bps
- Keeps bank on course for full policy convergence and exit of emergency tools by September
- Virag strikes cautious tone again, keeping focus on market volatility going forward
In trimming the top-end of their rate corridor as well as the effective policy rate by 100bps, the National Bank of Hungary remain on track to fully converge the base rate and effective rate by September. This would mark a full exit from emergency monetary policy triggered in autumn last year and pave the way for base rate cuts before year-end (market volatility permitting).
There were few surprises in the rate decision itself, but markets took note of Virag’s insistence that policy will be conducted in a predictable manner going forward, leaving little room for any tweaks to the current policy approach.
To read the full story
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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.