London analysts see Hungary easing cycle reaching 3.25% by year-end

MNB

The National Bank of Hungary's easing cycle could bring the base rate to 3.25% by the end of this year from 4.75% at present, emerging market analysts at JP Morgan's office in London said in a fresh forecast. The analysts earlier said the easing cycle, started last August, would end this year at 4.00%. They now say a stronger forint, better-than-expected first-quarter GDP data and low inflation support more rate cuts. The analysts put the year-end forint-euro exchange rate at 290, firmer than the 305 rate projected earlier. They changed their GDP forecast for this year to 0.5% growth from a 0.2% contraction.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.