Magazine: Wrinkles being smoothed out
In the last few years a couple of wrinkles were smoothed out in the Hungarian market. One euro now ‘only’ costs 305.71 forints and the BUX index was at 17,990 points at some point in time. At the end of March the Central Bank of Hungary (MNB) lowered the base rate once again. Hungary’s Central Statistical Office (KSH) measured more favourable retail data than expected. At a conference the Fed’s president spoke in favour of monetary stimulus – great news indeed! Thanks to better-than-expected inflation data, ECB may also launch a stimulus programme in the euro area, where the level of unemployment reduced from 12 percent to 11.9 percent in February. In Hungary the big questions remain: How much more will MNB cut the base rate? If a negative situation occurs in the financial market, how will the forint’s exchange rate react?
Related news
Related news
Dr Zoltán Pogátsa on the Hungarian economy: neither the golden age, nor an apocalypse
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Eurozone GDP grew by 0.1 percent in the second quarter compared to the previous quarter
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: industrial production decreased by 1.0 percent compared to the same period of the previous year, expanded by 2.0 percent compared to the previous month
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >