Hungary GDP Growth Rate YoY
Hungary's electronic manufacturing and research industries are among the most important factors that promotes innovation and economic growth. As a result, the country has emerged as a key hub for mobile technology, information security, and related hardware research and development. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 50% of total use. This is followed by gross fixed capital formation (22%) and government expenditure (20%). Currently, exports of goods and services account for 89% of GDP, while imports account for 82%, with imports contributing 7% to total Gross Domestic Product.
A higher than expected figure should be seen as positive (bullish) for the HUF while a lower than expected figure should be seen as negative (bearish) for the HUF.
Forex Sentiment (HUF)
News (HUF)
Hungary Holds Base Rate Steady At 13%, Slashes Lending Rate By 450 Bps
The Hungarian central bank left its key interest rate unchanged on Tuesday, but slashed the overnight lending rate, which was raised significantly in October last year amid the financial market turbulence, as policymakers assessed that the inflation risks are manageable and the financial market concerns have subsided.
RTTNews | 379 days ago
Hungary Tightens Monetary Policy To Combat High Inflation, External Pressures
Hungary's central bank took extraordinary measures on Friday to support the weakening forint after Prime Minister Viktor Orban urged the finance minister and the central bank governor to curb inflation that hit a 26-year high in September. The Monetary Council of the National Bank of Hungary decided to raise the upper bound of the interest rate corridor, leaving the base rate unchanged at 13.0 pe
RTTNews | 572 days ago
