91 result(s) for stress in Business
ECB Warns Hungarian Gov’t Against Cutting MNB Salaries
- 14 Jul 2010 2:00 AM
- business
"The European Central Bank (ECB) has told the Hungarian government that draft legislation on the salaries of senior National Bank (MNB) officials “should be amended to comply with the principle of central bank independence” and that the MNB should be involved in the drafting process.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.
That's All For Now Folks! Market Expects Halt In Rate Cuts In Hungary
- 27 May 2010 2:00 AM
- business
"The National Bank of Hungary (NBH) will end its rate cut cycle next Monday, analysts’ consensus forecast showed in a Portfolio.hu poll on Wednesday. Their key argument is the palpable deterioration of the global investment environment, but several analysts also pointed to growing uncertainties about the incoming government’s economic policy.
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's Forint Remains Top Eye-Catcher In EM
- 1 Apr 2010 3:00 AM
- business
"Hungary’s forint has topped the Emerging Markets FX Scorecard of Credit Suisse for the third month in a row. The latest run of CS’s currency model, the "Scorecard", suggests being long HUF, BRL and PLN against being short IDR, INR, ZAR and RUB vs. USD in April 2010, Credit Suisse said on Wednesday.
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.
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.
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.
ECB Warns Hungarian Gov’t Against Cutting MNB Salaries
- 14 Jul 2010 2:00 AM
- business
"The European Central Bank (ECB) has told the Hungarian government that draft legislation on the salaries of senior National Bank (MNB) officials “should be amended to comply with the principle of central bank independence” and that the MNB should be involved in the drafting process.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.
That's All For Now Folks! Market Expects Halt In Rate Cuts In Hungary
- 27 May 2010 2:00 AM
- business
"The National Bank of Hungary (NBH) will end its rate cut cycle next Monday, analysts’ consensus forecast showed in a Portfolio.hu poll on Wednesday. Their key argument is the palpable deterioration of the global investment environment, but several analysts also pointed to growing uncertainties about the incoming government’s economic policy.
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's Forint Remains Top Eye-Catcher In EM
- 1 Apr 2010 3:00 AM
- business
"Hungary’s forint has topped the Emerging Markets FX Scorecard of Credit Suisse for the third month in a row. The latest run of CS’s currency model, the "Scorecard", suggests being long HUF, BRL and PLN against being short IDR, INR, ZAR and RUB vs. USD in April 2010, Credit Suisse said on Wednesday.
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.
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.
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.