Free Trial

NBH Decision to Come at 1300GMT/0900ET

HUNGARY

NBH seen on hold; rising COVID-19 cases increases uncertainty over growth expectations


The National Bank of Hungary is expected to keep their benchmark rate and overnight deposit rate steady at 0.6% and -0.05%, respectively, despite the rise in inflationary pressures globally in recent months. Even though restrictions have remained elevated (Hungarian COVID-restriction stringency index has been one of the highest ones in Europe at 80), economic activity has continued to recover in the last quarter of 2020 with GDP growth expanding by 1.4% QoQ following the strong 11-percent rebound in Q3.


Full preview here: https://roar-assets-auto.rbl.ms/documents/9246/MNINBHPrevMar21.pdf

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.