MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NBH Deputy Governor Virag to Hold Presser Shortly

HUNGARY
  • Central Bank Deputy Governor Barnabas Virag will speak at a conference at 0830BST/0930CET following Tuesday’s 100bp effective rate cut (See our full review of the decision here: https://roar-assets-auto.rbl.ms/files/53150/MNINBH...)
  • Hungary's unemployment rate fell in April to 3.9% (Est: 4.1%) from 4% in March, according to data released by the Central Statistical Office this morning.
  • Finance Minister Mihály Varga said the 2024 draft budget would be a "defence budget", protecting the country's security, families, pensions, jobs and the utility price caps, MTI report. The draft budget calculates with 4% economic growth and a deficit of 2.9% of GDP. State debt is expected to go down to 66.7% and inflation to an annual 6%, he said during a regular government press briefing on Thursday.
  • Meanwhile, the head of the Prime Minister's Office said the European Commission has no right to recommend that Hungary scrap price caps on household utility bills, adding that Hungary would preserve the scheme. Note the budget deficit has been recording increasingly deep deficits recently, while more than EUR30bln in EU loans remain frozen.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.