160 result(s) for base rate cut
Xpat Opinion: Matolcsy’s First Rate Cut In Hungary
- 29 Mar 2013 8:00 AM
- business
Commentators across the political spectrum discuss the National Bank’s decision to go ahead with regular interest rate cuts and comment on the move of former National Bank President András Simor to the ERBD as a Vice-President.
Hungary's PM Nominates György Matolcsy To The Post Of Central Bank Governor
- 1 Mar 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán announced today that Minister György Matolcsy is the nominee for Central Bank governor to replace András Simor. The Ministry for National Economy will be headed by Minister without portfolio Mihály Varga, who was responsible for liaising with certain international financial organisations.
Hungary's Forint Dives On Monday
- 18 Dec 2012 8:02 AM
- business
The forint exchange rate has broken out of the range Ft 280-285 per euro where it has been trading in recent months, weakening to Ft 288 yesterday. Rumours were that the central bank will not accept bids for its two week deposit facility, although this was denied by the MNB, foreign currency trader Ákos Ruzsonyi of Commerzbank said. Investors hold a total of Ft 4 trillion in this deposit, of ...
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Higher VAT And Cutbacks Boost Budget In Hungary
- 1 Mar 2012 8:01 AM
- business
"The budget recorded a Ft 107.3 billion surplus in January, in line with initial estimates, according to final data released recently by the Economy Ministry. The budget ran a Ft 122.8 billion deficit in January 2011.
Speech By Hungarian PM Viktor Orbán At The London School Of Economics
- 17 Jan 2012 8:00 AM
- current affairs
Speech made on 10 November 2011 at LSE, UK: "Thank you very much and good afternoon, Ladies and Gentlemen. My elaboration today is about Central Europe and its future in a wider context, may I say in a European context. Thank you for the invitation, because it is always a joy to explain Central Europe to the Westerners, which is not an easy job anyway. The difficulty of that kind of lecture is ...
Hungary Base Rate Frozen All Summer Long
- 24 Aug 2010 12:30 PM
- business
"At Monday’s rate-setting session, the National Bank of Hungary has left the base rate unchanged at a historic low of 5.25% for the 5th month in a row. Hungary’s interest rate policy supposedly remains driven by concerns for fiscal stability rather than the inflation outlook.
Xpat Opinion: Matolcsy’s First Rate Cut In Hungary
- 29 Mar 2013 8:00 AM
- business
Commentators across the political spectrum discuss the National Bank’s decision to go ahead with regular interest rate cuts and comment on the move of former National Bank President András Simor to the ERBD as a Vice-President.
Hungary's PM Nominates György Matolcsy To The Post Of Central Bank Governor
- 1 Mar 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán announced today that Minister György Matolcsy is the nominee for Central Bank governor to replace András Simor. The Ministry for National Economy will be headed by Minister without portfolio Mihály Varga, who was responsible for liaising with certain international financial organisations.
Hungary's Forint Dives On Monday
- 18 Dec 2012 8:02 AM
- business
The forint exchange rate has broken out of the range Ft 280-285 per euro where it has been trading in recent months, weakening to Ft 288 yesterday. Rumours were that the central bank will not accept bids for its two week deposit facility, although this was denied by the MNB, foreign currency trader Ákos Ruzsonyi of Commerzbank said. Investors hold a total of Ft 4 trillion in this deposit, of ...
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Higher VAT And Cutbacks Boost Budget In Hungary
- 1 Mar 2012 8:01 AM
- business
"The budget recorded a Ft 107.3 billion surplus in January, in line with initial estimates, according to final data released recently by the Economy Ministry. The budget ran a Ft 122.8 billion deficit in January 2011.
Speech By Hungarian PM Viktor Orbán At The London School Of Economics
- 17 Jan 2012 8:00 AM
- current affairs
Speech made on 10 November 2011 at LSE, UK: "Thank you very much and good afternoon, Ladies and Gentlemen. My elaboration today is about Central Europe and its future in a wider context, may I say in a European context. Thank you for the invitation, because it is always a joy to explain Central Europe to the Westerners, which is not an easy job anyway. The difficulty of that kind of lecture is ...
Hungary Base Rate Frozen All Summer Long
- 24 Aug 2010 12:30 PM
- business
"At Monday’s rate-setting session, the National Bank of Hungary has left the base rate unchanged at a historic low of 5.25% for the 5th month in a row. Hungary’s interest rate policy supposedly remains driven by concerns for fiscal stability rather than the inflation outlook.