Hungary

If there is one region where convergence in foreign currency debt markets has become reality, it is Emerging Europe. As Chart I shows, benchmark spreads on euro-denominated credits... 2006-12-06

Since we last gauged the sentiment of our surveyed banks to EM external debt markets back in the summer, confidence has understandably picked up, as reflected by the rise in our global... 2006-11-16

BMI View: The hike in Hungarian interest rates means that we are firmly moving towards the top of the current monetary tightening cycle. We think that interest rates will be increased... 2006-10-25

BMI View: Hungarian budgetary policy remains expansionary, and together with the need to finance the twin deficits, this means that domestic interest rates are going to have to remain... 2006-10-19

German bond yields look set to head lower. Looking at the yield chart of the 5-Year bobl instrument, a head and shoulders pattern has formed, with the neckline at 3.57% having been... 2006-09-25

BMI View: Amid news that a videotape has emerged admitting that the Hungary's ruling Socialist Party lied about its economic outlook, it may seem an odd time to ask the question:... 2006-09-18

Hungarian consumer price inflation continued its upward march in August, with the national headline figure accelerating from 3.0% y-o-y in July to 3.5% y-o-y, with the EU harmonized... 2006-09-12

National Bank of Hungary (NBH) Governor Zsigmond Jarai has once more announced that the monetary authorities will keep on hiking interest rates until the 2008 2-4% inflation target... 2006-09-07

BMI View: The latest set of macroeconomic forecasts and assumptions published in the National Bank of Hungary's inflation report on August 28 certainly bears out the case for tighter... 2006-08-29

One of our most successful calls of late has been our bearish view on the Hungarian forint against the Turkish lira. We first argued that there was room for TRY outperformance at... 2006-08-22