MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

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

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Trade Surplus Widens Beyond Expectations

HUNGARY
  • Hungary's preliminary trade surplus widened to EUR708m in August from +EUR559m in July, beating estimates of a smaller EUR400m surplus. Exports slipped by 1.5% y/y, falling for the first time in close to two years, while imports dropped by 18.9%, declining for the fifth month in a row.
  • Economic Development Minister Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and retail credit, according to MTI. The voluntary rate caps were set at 12% for working capital credit for businesses, while APRs for home loans were set at 8.5%. Nagy noted that the government had pledged to weigh the phaseout of the corporate rate cap and to start a review of the cap on retail home loans if the central bank base rate falls under 10pc.
  • Budget balance data is on the docket at 1000BST/1100CET. CPI data is the key release of the week tomorrow morning. The headline figure is seen dropping 4ppt from 16.4% y/y in August to 12.4% in September, primarily on the back of significant disinflationary base effects.
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.