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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
- The HUF has been depreciating sharply in the past week following the recent surge in risk aversion, with EURHUF gradually approaching its all-time high at 416.90.
- The NBH did not hesitate to act via the 1W depo facility the last time when the selling pressure on HUF was that strong.
- A depreciating forint has been supporting inflation expectations ('public enemy').
- Even though the NBH has been keen on reducing the frequency of hikes to a monthly basis, the central bank could proceed with a 100bps hike tomorrow to limit the downside risk on HUF.
Source: Bloomberg/MNI
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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