Hungary HALPIM Manufacturing PMI
The Manufacturing Purchasing Managers' Index in Hungary, developed by the HALPIM (Hungarian Association of Logistics, Purchasing, and Inventory Management), is based on a survey of corporate purchasing managers in manufacturing businesses. The index is used to assess the performance of the manufacturing sector. There are five individual indexes that make up the Index, with the following weights: New Orders (30%), Production (25%), Employment (20%), Supplier Delivery Times (15%), and Inventories (10%). A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has declined, and a value of 50 shows that there has been no change.
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 | 589 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 | 782 days ago
