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Hungary’s rising prices may shift monetary policy

Location:

HUNGARY

The sharp slide in the forint is fuelling inflationary pressures, testing the resolve of the National Bank (MNB -- the central bank) to continue providing stimulus to the economy…

Hungarian monetary policy risks disorderly forint fall

Location:

CENTRAL EUROPE

This is despite a spike in core inflation. The three central banks of Central Europe (CE) are on a loosening cycle, responding aggressively to the COVID-19-induced collapse in…

Hungary is unprepared for normalised monetary policy

Location:

HUNGARY

The MNB is bucking the trend of tighter monetary policy across Central Europe by increasing its range of unconventional tools to keep financial conditions loose. This is despite…

Pressure is growing on the ECB to make a rate change

Location:

EU

She repeated her determination to respond through a mix of different instruments ('optionality'), in a conservative manner ('gradualism'), and using as much leeway as her mandate…

Fed's rate caution unsettles global markets

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INTERNATIONAL

Her comments followed the Fed's September 17 decision to keep rates unchanged because of concerns about financial turmoil and economic weakness in emerging markets (EMs). The…

Time is running out for amending Greek bailout

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GREECE

The left-right Greek coalition of Syriza and Independent Greeks took office late in January committed to ending the rigours of the country's bailout programme. However, euro-area…

Sanctions will increase risks for Russian economy

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RUSSIA

However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…

Referendum 'no' vote could trigger crisis in Italy

Location:

ITALY

Renzi's government will fight two existential battles in the coming weeks: winning the constitutional reform referendum on December 4, and obtaining from the Commission the…

IMF inclined to shun third Greek bailout

Location:

GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Global rebalancing to support sustainable growth

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INTERNATIONAL

Risks to its central scenario are more balanced and less skewed to the downside. Global imbalances are shrinking, partly thanks to low oil prices. This is boosting disposable…