Tag: commentary

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Hungary cenbank fired its weapons, it's time to reload them

October 15, 2018, 9:30 pm
Analysts polled by Portfolio agree that the National Bank of Hungary (MNB) will not deliver any surprise at is policy meeting on Tuesday, either by raising interest rates or making an unexpected announcement... 

INSTANT VIEW - Hungary's inflation hits over 5.5-year high

October 9, 2018, 1:55 pm
Hungary’s inflation accelerated to 3.6% year on year in September, beating market expectations (3.5% consensus in a Portfolio poll), reaching a nearly six-year peak. Core inflation, however, does... 

Consumer prices in Hungary seen up at almost 6-year high

October 8, 2018, 5:27 pm
Hungary’s inflation accelerated to a 69-month high of 3.5% in September, according to analysts polled by Portfolio. The National Bank of Hungary (MNB) does not expect the consumer price index to... 

Golden years await the Hungarian economy

October 5, 2018, 12:18 pm
Takarékbank has reaffirmed its 4.6% GDP growth estimate for Hungary for 2018, citing an upturn in investment as the key reason. Yet, it has revised its 2019 estimate up to 4.1% from three months ago due... 

Hungarian fund managers like OTP, Richter the most

October 5, 2018, 9:10 am
The Budapest Stock Exchange (BSE) had quite a month in September. Local investors were spooked by trade war and the adoption of the Sargentini Report by the European Parliament, although the initial drop... 

CEE region is in an exceptional situation, London-based economists say

October 4, 2018, 2:51 pm
The Central and Eastern European region currently enjoys a special status, and it boasts the best positions among emerging countries, analysts agreed at Portfolio’s Budapest Economic Forum 2018 conference... 

London-based economists see smaller Hungarian rate hike and later

September 24, 2018, 5:22 pm
Fitch Solutions Macro Research, member of Fitch Group, has modified its forecast and now believes that the National Bank of Hungary (MNB) will start raising interest rates later than previously thought... 

This is how you sell monetary easing as tightening

September 19, 2018, 1:33 pm
By István Madár 1. The National Bank of Hungary (MNB) made decisions of significant importance on Tuesday which set it on the path of monetary tightening. 2. The central bank used a clever trick yesterday... 

INSTANT VIEW - Hungarian c.bank announces gradual policy normalisation

September 19, 2018, 9:18 am
The National Bank of Hungary (NBH) announced the return of the Funding for Growth Scheme (FGS) for small and medium-sized enterprises. The new FGS Fix will be launched in January 2019 and will be aimed... 

Hungary's central bank cannot delay this decision for much longer

September 17, 2018, 4:52 pm
It is no question that the National Bank of Hungary (MNB) will keep its so-called benchmark policy rate on hold on Tuesday. The market, however, is split about whether or not the bank will say anything... 

Pending EU censure could hit Hungary's reputation, investments

September 13, 2018, 1:39 pm
Hungary is closer to facing censure by Europe for allegedly flouting EU rules. Although the move should not lead to any short-term direct economic consequences, the reputational damage to Hungary and its... 

HUF could hit all-time low versus euro after Hungary censure motion passes

September 12, 2018, 5:24 pm
After the abrupt weakening of the Hungarian currency, sentiment could easily turn negative on the forint market now that the European Parliament adopted the Sargentini Report saying Hungary is posing... 

ANALYST VIEW - Morgan Stanley cuts target price for Hungary's OTP

September 10, 2018, 9:46 am
Morgan Stanley has lowered its target price for Hungary’s OTP Bank to 12,800 forints from HUF 13,600 previously. The rating remains ‘Overweight’. Morgan Stanley cut its target price... 

Hungary's credit rating upgraded

September 7, 2018, 9:28 am
Japan’s R&I credit rating agency has upgraded Hungary’s foreign currency issuer rating to BBB from BBB- previously. The outlook on the rating is stable. Rationale Hungary's economy is faring... 

ANALYST VIEW - Erste raises target price for Hungary's Mol

September 5, 2018, 11:15 am
Erste has raised its target price for Hungarian oil and gas group Mol to HUF 3,380 from HUF 3,230 previously, while it has retained its ‘Accumulate’ rating. The reason behind the higher... 

Hungary forint does not cross "pain threshold" of central bank

September 3, 2018, 3:15 pm
The National Bank of Hungary is not under pressure to tighten policy, though some clearer guidelines about its exit plan at the 18 September rate-setting meeting would help the central bank to strengthen... 

S&P reveals why it has not upgraded Hungary yet

August 29, 2018, 12:43 pm
Despite upbeat expectations, Standard & Poor’s has not upgraded Hungary’s credit rating two weeks ago on Friday. S&P’s lead analyst on CEE/CIS told pro-government daily Magyar Idők on... 

ANALYST VIEW - HSBC trims target price for Hungary's Magyar Telekom

August 29, 2018, 10:10 am
HSBC has trimmed its target price for Hungarian telecom group Magyar Telekom to HUF 570 from HUF 600 previously on Wednesday. The new TP offers a 41 upside potential compared to MTel’s closing price... 

ANALYST VIEW - New target price for Hungary's Richter: HUF 6,000

August 23, 2018, 8:42 am
J.P. Morgan has slashed its target price for Hungary’s Richter to HUF 6,000 per share from HUF 6,970 previously, and it has also downgraded the pharma stock to ‘Neutral’ from ‘Overweight’.... 

Analysts expect slightly lower Q2 GDP growth in Hungary - POLL

August 13, 2018, 9:44 am
The growth of the Hungarian economy may have begun to slow in the second quarter, but GDP growth could still have been above 4%, according to analysts’ consensus forecast in a Portfolio poll. Although... 
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