Analysts: MNB will cut rate 0.20% more

Analysis

In a poll of 21 analysts undertaken by Reuters last week, a majority figured that the National Bank of Hungary (MNB) would be dropping its base rate to yet another record low, 3.60%, tomorrow.

General sentiment among the analysts was the rate-setters will be encourage to set the rate lower due to the U.S. Federal Reserve’s decision of last week to retreat from its campaign of buying up US dollar-based bonds and thus ultimately decrease the forint’s value against the dollar.

ADVERTISEMENT

Slovenia's consumer sentiment declines in July Analysis

Slovenia's consumer sentiment declines in July

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.