Articles
24 April 2020

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

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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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