A mix of improving macroeconomic, financial and external developments should open a “window of opportunity” for a rapid policy rate cut from the current 8pc to 5pc by as early as the first quarter of 2010, London-based emerging markets analysts said on Wednesday.
In its Emerging Markets Quarterly report released in London, Barclays Capital said that the perception of remaining local and global risk and the fact that the global easing cycle has ended could make some policy makers reluctant to reduce the forint’s carry too rapidly.
However, the next two quarters also offer a window of opportunity, as any tightening by the ECB and the Fed is still some way off, global risk appetite has improved and Hungary-specific risks “seem much reduced”.
Barclays Capital says it expects Hungary’s consumer inflation to peak just above 6pc in early 2010. After that, it should fall below 3pc by mid-2010 and towards 2.5pc by end-2010. “This justifies a rapid easing of the policy rate to 5pc by end-Q1 ’10, in our view”, it said.
What’s all this about? What do Barclays analysts
know about anything – least of all what the devious
euro-bureaucrats have in store for good old gypsy-ridden Magyarorszag in the coming years.
America caused the world economic crisis and Russky did not help with their quasi-communist mafia-style
black economy with the most corrupt bureaucratic administration in the world, apart from mmmmmmmm???
yes, you’ve guessed it, good old Magyarorszag!!
Plese, please, do not use these dumbass “MTI-Ingles” foreign language news releases here, on RealDeal.hu. Or find at least someone who can translate them into readable/understandable English.
Totally agree, i think that all Real Deal news should be in English, even American English would be better than that.
@david: Unfortunatey, in reality our choice is to either give readers access to these stories, or not to publish them. If something is available via MTI – with whom we have a contract – and it seems at all interesting (many/most stories aren’t) then we publish it. But we’re not going to duplicate their efforts, or spend lots of time on re-write. Bottom line is that there just isn’t enough interest. In any case, by having open comments readers are free to ‘poke holes’ in anything they think is incorrect.
Fair enough, Erik! Quantity rather than quality.
I think realdeal and politics.hu are very good.
The other sites you operate require a lot more work. They are inferior to your “opening batsmen”
mentioned above.
All in all you do deserve a mention in despatches for your efforts and allowing such pettifoggers as
myself to offer comments: more often than not without any serious editing.
It really is no fault of RealDeal.hu that the “MTI magyarok” no hable no Ingles, Seniores y Senoras. Like most Hungarian companies, they The Hungarian News Agency MTI most likely hires some pimpel-faced 20-years old with a degree in Pidkin English to do these “English language” masterpieces.
At least, all of them get paid the minimum wage, and not a red forint more.
They cant lower the interest rates because it would produce a horrific currency crisis. You would see staggering inflation in Hungary. Food and heat would be unaffordable.People would starve or freeze to death.
deng feng send me some of that palinka you are drinking:
“They cant lower the interest rates because it would produce a horrific currency crisis. You would see staggering inflation in Hungary. Food and heat would be unaffordable.People would starve or freeze to death.”
The above is already the case before the proposed interest rate cut.
Starvation in magyarorszag? You aint seen nothing yet. The Hungarian government has promised high interest rates to the new york banksters. To ensure the magyarok pay, the IMF comes in with high interest loans. If Hungary doesnt pay, then the IMF comes in with an iron fist(ing).
deng feng thats what happens when you borrow money, honey.Duh!