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Morning Summary: Debt Management Agency To Hold First Auction of Green Bond

HUNGARY
  • Covid daily new cases continue to decrease with the 7D SMA falling to 3,700, down from 9,300 (March 26 high). Hungarian health authorities have recently reported that data showed the virus has peaked with the number of patients being treated in hospitals dropping by a third from the end of March high.
  • Today, Hungary's debt management agency will hold the first auction of its 30Y forint-denominated green bond, targeting 20bn HUF (BBG).
  • Takarekbank lowered slightly its GDP growth forecast for 2021 but still expects Hungary's economy to grow by 6.6% this year (vs. 6.8% previously), which is significantly higher than the government's projection of 4.3%.
  • NBH holds its weekly meeting and is expected to keep its 1W deposit rate steady at 0.75%.

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