Free Trial

NBH Rate Decision in Focus

HUNGARY
  • The National Bank of Hungary are widely expected to increase the pace of monetary policy easing with a 100bp cut to the base rate, taking it to 9.75%. The rate decision will be announced at 13:00GMT/14:00CET followed by the policy statement and briefing by Deputy Governor Barnabas Virag at 14:00GMT/15:00CET. See the full MNI Preview, with a summary of sell-side analyst views, here.
  • Bloomberg reported late yesterday evening that the EU is considering options to address demands for tighter controls over a proposed EUR 50bln aid package for Ukraine as leaders aim to head off another veto of the package by Hungary. As a reminder, EU leaders will hold a special summit Thursday to try to advance the package.
  • Over the weekend, the Financial Times reported on an internal EU memo suggesting that EU leaders should threaten withholding any EU funds to Budapest. While a senior EU official said yesterday that the memo doesn’t outline a formal plan, it could nevertheless place added pressure on Orban to agree to a deal.

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.