Peter Virovacz, Senior Economist at ING, notes that Hungary’s headline inflation came in at 3.6% YoY in September, in line with their forecast. Key Quotes “The market was expecting an acceleration but not to this extent. Still, the reading didn’t exactly catch the market off guard. While the headline reading is above the National Bank of Hungary’s 3.5% forecast, we don’t see it as a game changer.” “The central bank emphasises that it wants to see inflation reach the target in a sustainable manner, which means as long as core inflation remains below the 3% target, it will consider its loose policy stance to be perfectly justified. Core inflation came in at 2.4% YoY in September.” “In 4Q18, we expect inflation to remain around recent levels, but the oil market presents huge uncertainty.” “Our base case scenario is 2.8% YoY, while we forecast a jump to 3.3% on average in 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY Technical Analysis: Decline is flirting with the 100-day SMA around 129.30 FX Street 4 years Peter Virovacz, Senior Economist at ING, notes that Hungary's headline inflation came in at 3.6% YoY in September, in line with their forecast. Key Quotes "The market was expecting an acceleration but not to this extent. Still, the reading didn't exactly catch the market off guard. While the headline reading is above the National Bank of Hungary's 3.5% forecast, we don't see it as a game changer." "The central bank emphasises that it wants to see inflation reach the target in a sustainable manner, which means as long as core inflation remains below the 3% target, it will consider its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
