MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1122 Thurs; -1.79% Y/Y

MNI BRIEF: Aussie Unemployment Prints Tighter At 4% In May

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1122 THURS VS 7.1133

MNI BRIEF: China To Aid Outdated New-Energy Capacity Clear-out

Australia May Unemployment Rate 4.0%

MNI:AUSTRALIA MAY UNEMPLOYMENT RATE +4%

Local Investors Dump Offshore Bonds, Foreign Inflows Into Local Equities Halted

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Orban Says Inflation Could Fall to Around 16% in August

HUNGARY
  • Prime Minister Orban said inflation could fall to around 16% in August during a weekly interview on public radio earlier today. "I think August will be the month in which a change could occur," he said, auguring inflation of "16-16.1%" and nominal wage growth "on par with or over" CPI. The current rate of CPI is 17.6% y/y. He said 2023 was the "year of thrashing inflation" and 2024 would be the "year of restarting economic growth". He also pointed to the need for a drop in corporate lending rates to get credit for businesses flowing again.
  • Regarding Hungary’s scheme to cap utility prices, Orban said it must be protected from the European Union. The utility price cuts left HUF1.08trl (EUR2.8bln) with Hungarian families between January-July this year, he said.
  • Hungary's unemployment rate stood at 3.9% in July (Est: 3.8%), edging up from 3.8% in June and up from 3.5% twelve months earlier, the Central Statistical Office said on Friday.* There are no other major releases on the docket today.
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.