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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.
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Free AccessUnemployment Rate Highest Since June 2020, Current Account Moves to Deficit
- Hungary’s unemployment rate rose to 4.6% (Est: 4.5%) in February from 4.5% the month prior – marking the highest level the rate has reached since June 2020. Meanwhile, the current account moved to a deficit of EUR 561m in Q4 from a revised surplus of EUR 469m in Q3, according to the National Bank of Hungary.
- Peter Magyar, the ex-husband of former Justice Minister Judit Varga, released audio yesterday in which Varga could be heard saying that aides of Antal Rogan, Orban’s chief of staff, had asked prosecutors to remove his name from records of an investigation into high-level state corruption. Thousands attended a demonstration Tuesday evening where Magyar called for the chief prosecutor’s resignation – adding to the growing political pressure surrounding Prime Minister Orban.
- Average gross wage data for January (Est: +14.0%; Prior: +16.0%) is the last domestic data release of the week and will cross tomorrow morning. Our review for yesterday's NBH meeting, with sell-side analyst views, will be released later today.
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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.