MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

UniCredit say NBH Likely to Slow Pace of Rate Cuts at Next Meeting

HUNGARY
  • UniCredit think the NBH is likely to slow the pace of cuts from 100bp at the October 24 rate setting meeting, but say that all options, ranging from no cut to a 100bp cut, may be on the table.
  • If the NBH underdelivers with regard to market expectations, EUR/HUF may test 380 as long as external factors remain supportive, they say.
  • UniCredit say that with a sticky-inflation outlook, the NBH is likely to face increased pressure to carry on rate cuts next year to support growth and mitigate fiscal burdens. They think the appreciating real effective exchange rate trend should fade as the HUF interest-rate premium narrows, putting pressure on the HUF as wage and price growth remains elevated.
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.