MNI: PBOC Net Injects CNY10.7 Bln via OMO Monday

MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HUNGARY: Orban Vows Fiscal Discipline to Avoid Market Turbulence

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Speaking over the weekend, Prime Minister Orban said Hungary must maintain fiscal discipline to avoid market turbulence even when parliamentary election campaigning heats up next year, Bloomberg report. Orban said his choice of Mihaly Varga to become the next NBH Governor reflected his wish to ensure market stability. HUF’s swings are more determined by global market forces than local policy, with the dollar’s strength a key factor, he said.
  • Hungary's current account surplus narrowed to EUR 700.9m in Q3 from a revised surplus of EUR 2.047bn in Q2, according to data from the NBH. That is broadly in-line with expectations of a EUR 726m surplus.
  • Meanwhile, a final reading of October trade balance figures showed the nation with a trade surplus of EUR 1.04bn, slightly larger than the preliminary EUR 965m. Imports rose 2.6% m/m while exports rose 3.2% m/m.
  • Note that there are no major data releases scheduled for the remainder of the year.
152 words

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.
  • Speaking over the weekend, Prime Minister Orban said Hungary must maintain fiscal discipline to avoid market turbulence even when parliamentary election campaigning heats up next year, Bloomberg report. Orban said his choice of Mihaly Varga to become the next NBH Governor reflected his wish to ensure market stability. HUF’s swings are more determined by global market forces than local policy, with the dollar’s strength a key factor, he said.
  • Hungary's current account surplus narrowed to EUR 700.9m in Q3 from a revised surplus of EUR 2.047bn in Q2, according to data from the NBH. That is broadly in-line with expectations of a EUR 726m surplus.
  • Meanwhile, a final reading of October trade balance figures showed the nation with a trade surplus of EUR 1.04bn, slightly larger than the preliminary EUR 965m. Imports rose 2.6% m/m while exports rose 3.2% m/m.
  • Note that there are no major data releases scheduled for the remainder of the year.