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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.
HUNGARY
- We have seen that central banks in CEE region have been increasing their gold allocation amid rising inflation.
- The NBH nearly tripled its gold reserves in March from 31.5 tons to 94.5 tons; the chart below shows that the NBH gold reserves represent now 13.6% of the total reserve assets (estimated at 32bn EUR).
- The NBH decided to increase it gold reserves in the LT as it referred to gold as one of the most 'crucial reserve assets worldwide'.
Source: NBH/MNI
- Earlier this month, NBP Governor Adam Glapinski mentioned in a speech that Poland central bank was aiming to increase its gold reserves to 20% in the long run. As of March 2021, the share of NBP gold reserves was sitting at 7.8% (% Total reserve assets).
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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