Free Trial

NBH To Proceed With A Minimum 30bps Hike Next Week

HUNGARY
  • European Commissioner for Justice Didier Reynders speaks to Hungarian lawmakers during a visit to Budapest where he's assessing the state of the rule of law in the European Union member state (BBG).
  • The NBH is very likely to accelerate the pace of its tightening cycle at the next meeting (Nov 16) following the positive surprise in inflation this week.
  • CPI inflation accelerated to 6.5% in October (vs. 6.2% exp), up from 5.5% the previous month.
  • Investors have been questioning if the NBH will also surprise markets following CNB and NBP moves recently; the central bank will likely proceed with a minimum 30bps hike on November 16.

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.