81 result(s) for monetary policy in Business
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Hungary Forint Firms Following Fidesz Victory
- 26 Apr 2010 5:00 AM
- business
"Hungary’s forint started the week on a strong footing, after centre-right Fidesz mustered a two-thirds legislative majority in the second round of elections on Sunday. The HUF’s appreciation is also linked to positive global investor sentiment.
The Sky Is Blue, The Grass Is Green And Hungary's C.Bank Cuts Rates 25 bps
- 30 Mar 2010 3:00 AM
- business
"The National Bank of Hungary (NBH) has on Monday reduced its key policy rate by 25 basis points to 5.50%, as expected. The base rate has not been this low since the change of regime. The Monetary Council has cut the benchmark rate for the ninth consecutive month and by 25 bps for the third time in a row.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungary To Overshoot C.Bank Inflation Goal In 2010
- 10 Mar 2010 2:00 AM
- business
"The surprise jump in Hungary’s inflation to 6.4% in January has made a deep impression on analysts and, as a consequence, they now project the country’s inflation path to be considerably higher in 2010 than before. The market presently sees it unlikely that the headline CPI figure will drop to below the central bank’s medium-term goal (3.0% +/- 1ppt) this year.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Hungary Forint Firms Following Fidesz Victory
- 26 Apr 2010 5:00 AM
- business
"Hungary’s forint started the week on a strong footing, after centre-right Fidesz mustered a two-thirds legislative majority in the second round of elections on Sunday. The HUF’s appreciation is also linked to positive global investor sentiment.
The Sky Is Blue, The Grass Is Green And Hungary's C.Bank Cuts Rates 25 bps
- 30 Mar 2010 3:00 AM
- business
"The National Bank of Hungary (NBH) has on Monday reduced its key policy rate by 25 basis points to 5.50%, as expected. The base rate has not been this low since the change of regime. The Monetary Council has cut the benchmark rate for the ninth consecutive month and by 25 bps for the third time in a row.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungary To Overshoot C.Bank Inflation Goal In 2010
- 10 Mar 2010 2:00 AM
- business
"The surprise jump in Hungary’s inflation to 6.4% in January has made a deep impression on analysts and, as a consequence, they now project the country’s inflation path to be considerably higher in 2010 than before. The market presently sees it unlikely that the headline CPI figure will drop to below the central bank’s medium-term goal (3.0% +/- 1ppt) this year.