Key events in EMEA and Latam next week
The key event in Hungary is the central bank’s rate-setting meeting. We don't expect any change in rates, but we might get some details on the government bond purchase program
Hungarian central bank meeting
The key event in Hungary is the central bank’s rate-setting meeting next week.
We don’t expect any change now as the central bank made a major overhaul regarding its toolkit three weeks ago. However, it will reveal the details regarding its government bond purchase program. We expect it to be a conditional, financial stability focused program to mitigate its impact on the forint.
The so far introduced central bank measures have had a clear stabilising effect on HUF rates and Hungarian government bonds. The financial stability focused quantitaive easing should add more to it.
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24 April 2020
Our view on next week’s key events This bundle contains 3 articlesThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more