Free Trial

NBH Hikes Benchmark Rate By Another 30bps to 1.20%

HUNGARY
  • NBH raised its benchmark rate by another 30bps to 1.20% (vs. 20bps exp.), which was in line with our projections (see NBH preview).
  • Even though the market was split between 15bps and 30bps hike, 'hawkish' NBH surprise sends HUF higher.
  • USDHUF down over 1 figure following decision, currently trading slightly below 305.

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.