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Hungary Inflation Rate YoY
Consumer prices in Hungary are dominated by two categories: Food and Non-Alcoholic Beverages, which are the most important categories in the index (21.3% of total weight). Transportation accounted for 16.2% of total GDP, followed by Housing and Utilities at 13.2%, Alcoholic Beverages, and Tobacco at 8.3%, Recreation and Culture at 7.7%, and Other Goods and Services at 7.3% of total GDP. 26% of the overall weight is accounted for by Restaurants and Hotels, Health Care, Furniture, Housewares and Maintenance, Communication, Clothing and Footwear; and Education.
A higher than expected figure should be seen as positive (bullish) for the HUF while a lower than expected figure should be seen as negative (bearish) for the HUF.
Forex Sentiment (HUF)
News (HUF)
Hungary Holds Base Rate Steady At 13%, Slashes Lending Rate By 450 Bps
The Hungarian central bank left its key interest rate unchanged on Tuesday, but slashed the overnight lending rate, which was raised significantly in October last year amid the financial market turbulence, as policymakers assessed that the inflation risks are manageable and the financial market concerns have subsided.
RTTNews | 730 days ago
Hungary Tightens Monetary Policy To Combat High Inflation, External Pressures
Hungary's central bank took extraordinary measures on Friday to support the weakening forint after Prime Minister Viktor Orban urged the finance minister and the central bank governor to curb inflation that hit a 26-year high in September. The Monetary Council of the National Bank of Hungary decided to raise the upper bound of the interest rate corridor, leaving the base rate unchanged at 13.0 pe
RTTNews | 923 days ago
