•  
  • New York 19:32
  • London 00:32
  • Barcelona 01:32
  • Tokyo 09:32
  • Sydney 11:32

  • SignUp | Login

This report has been deactivated

7

0

Hungary: MNB cuts again − no surprise

Mon, Jan 19 2009, 14:10 GMT
by Lars Christensen

Danske Bank A/S


The Hungarian central bank (MNB) today again cut its key policy rate, by 50bp to 9.50%, which was in line with the consensus and our expectation.

Today's decision to cut rates is no surprise and should not move markets much. It is clear that the MNB wants to continue to bring down rates as inflation slows and the economy slumps. That said, the recent renewed weakness in the forint is probably arousing some concerns in the MNB. This might limit the room for monetary easing, but the MNB is still likely to continue to ease monetary policy in the coming months, but not aggressively.

Published on  Mon, Jan 19 2009, 14:13 GMT

Danske Bank  | Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com

Legal disclaimer and risk disclosure

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

Related reports

Trichet departs Sydney in a hurry by Interactive Brokers LLC
Tue, Feb 9 2010, 13:09 GMT

Risk appetite firms on potential policy measures by the ECB to limit contagion from the Greek crisis by TradeTheNews.com
Tue, Feb 9 2010, 10:57 GMT

Forex - Trichet Off to Brussels & Markets in a Wait & See Pattern by ACM - Advanced Currency Markets
Tue, Feb 9 2010, 10:49 GMT

Trichet Leaves Sydney Early by ACM - Advanced Currency Markets
Tue, Feb 9 2010, 09:58 GMT

Has the impact of the Greek situation run its course? by Saxo Bank
Tue, Feb 9 2010, 07:05 GMT

hungary, centralbanks, interestrate, mnb

[ View All ]

Related content


Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account		MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account		City Credit Capital (UK) Ltd
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.