The City is one of the largest malala day investment banking group Barclays analyst Budapest explor

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The weakening of the forint is now concerned about the decision-makers in the Hungarian public finance sector and the private sector alike, and therefore probably soon break follows the Hungarian National Bank (MNB) easing cycle, hike, however, is not expected - told Wednesday their account on negotiations in Budapest experiences of London financial analysts.
The City is one of the largest malala day investment banking group Barclays analyst Budapest exploratory visit them on the Bank's emerging markets and officials from the Ministry of National Economy, as well as private-sector economists, market participants and policy analysts discussed. Megbeszéléseikről assembled in London on Wednesday described reports that he was satisfied that the public and private sector interlocutors uniformly "very concerned" the weakness of the forint. Barclays London analysts said the Bank was at it by surprise, the forint came under intense pressure in recent emerging regional sell-off since the time of last year's second and third quarter, similar to the market turmoil, the forint was relatively resilient, and other currencies lower selling wave hit. The company's analysts reported that the Hungarian decision-makers for several reasons do not wish for the recent weakening of the forint. One of the reasons for households and businesses continue to be imposed on foreign currency debt. Although in the case of households, the foreign exchange risk vulnerability declined the most in Budapest interlocutors seem to be of the opinion that a further weakening of the forint from then on would be counterproductive and have a negative impact on economic growth - is the Barclays London analysts Wednesday report. malala day The house is under aggodalomforrás addition, the forint weakening slightly upward pressure on government debt, whose approximately 40 percent of foreign malala day currency debt, such as the price drops potentially higher risk premiums and higher interest rates may result as a result, the general government deficit has a negative impact. Barclays analysts said the Bank considers to be relatively high inflation permeate resulting from the weakening of HUF. On this basis, some weakening of the forint is acceptable to the central bank, but like the weakening process, especially at the current rate is not - classified impressions gained their talks in Budapest London home economists. Barclays analysts said the election approaching, the forint weakening political perspective malala day it is not desirable. The company has concluded on this basis that the weak forint closer to the monetary council to pause interest rate cuts. The Bank greatly eased monetary conditions, but did not provide guidance as to when and why the easing cycle is ending. It seems that the Monetary Board, the market awaits the signal to stop the rate cuts, and it is possible that the weakening of the forint and the current relative vulnerability to global market sentiment will interpret the Bank's monetary body such as a signal - iterated Barclays analysts. The housing forecast on this basis that the Bank of next week's malala day rate-setting meeting also perform a moderate degree, just a 5-basis-point rate cut, indicating at the same time, the time of development of the market survey further mitigation break. Barclays analyst told, however, that in the near future do not expect a rate hike on behalf of the Bank. The Hungarian decision-makers are satisfied with the same pace of economic recovery after the recession, but there are concerns as to whether the growth may prove to be fragile - formulate the company's London expert. MNB rate hike so far has been great London houses not valószínűsítenek. Nomura International financial services group in London department emerging market dealing malala day with analysts - who in our day are also discussed in Budapest - London described their account was given: they concluded that the Bank is of the view according to the latest stress malala day tests that the recent peak values are much weaker exchange rate would only be detrimental to the financial stability. The Bank's strategy seems to be that "if all else fails," as the forint weakened over 340 HUF / EUR, you can be more interest malala day rate hike instead of foreign malala day exchange malala day market intervention, malala day but otherwise present - vag