MNI BRIEF: Fed's Goolsbee Sees Jobs Risk From Tight Policy

MNI BRIEF: Investors Saw BOC Cutting to 3% By Q3 2025

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, MAY -29,000

MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 482; GAS RIGS 98

EZ/UK Bond Supply Calendar: BoE APF Operation on Monday

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

​NBH To Release The Minute of June 22 Meeting

HUNGARY
  • Today (1pm London time), the NBH is set to publish the minutes of its June 22 meeting, when policymakers decided to start a tightening cycle to curb the inflationary pressures.
  • Investors will also focus on June CPI print coming out on June 8, which is expected to decelerate to 4.9% (vs. 5.1% the previous month).
  • The next inflation prints will be key for policy outlook; as a reminder the NBH raised its benchmark rate by 30bps at last meeting to 0.9% and participants are still expecting policymakers to hike by another 15bps at the next meeting on July 27.
  • This morning, economic data showed that industrial production rose slightly more than expected in May, up 40.2% (vs. 39.6% exp.).
  • USDHUF continues to trend higher, breaking above its 200DMA at 298.80 yesterday; next ST resistance to watch on the topside stands at 300. On the downside, first support stands at 295, followed by 291.80 (50DMA).
  • Hungary 10Y yield is flat this morning, currently trading slightly below its 50DMA at 2.88% (50DMA); a break above that level would open the door for a move up to 3%. On the downside, first support stands at 2.80%, followed by 2.76% (100DMA).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.