Central bank keeps base rate on hold at 6.00%, as expected
The Monetary Council of Hungary's central bank (MNB) decided at its Monday meeting to leave its base interest rate unchanged at 6.00%. The move was in line with market expectations.
Hungarian PPI up 0.6% m/m in October due to decreasing crude oil prices
Hungary's producer prices index (PPI) rose 0.6% month on month (m/m) in October, slowing from 0.9% growth in September, on the back of deceasing crude oil prices, according to data released by the Central Statistical Office (KSH) Wednesday.
Hungarian Q1–Q3 banking sector profits rise 17.6% y/y to HUF 274 bln
The dynamic increase in the assets and profits of the Hungarian banking sector continued in the first nine months of 2005, with net profit of the sector rising 17.6% year on year (y/y) to HUF 274 bln (USD 1.4 bln), according to a report published by PSZAF, Hungary's financial supervision authority.
Investment volume in Hungary remains dynamic with 8.7% y/y growth in Q3
Investment volume in Hungary increased by 8.7% year on year (y/y) in the third quarter of 2005, as road-building, construction and property-sector investments were able to offset a small decline in manufacturing investments, according to figures released by the Central Statistical Office (KSH) on Tuesday.
Hungary's GDP grows 4.5% y/y in Q3, in line with expectations
Hungary's GDP rose 4.5% year on year (y/y) in the third quarter of 2005, according to preliminary data released by the Central Statistical Office (KSH) Tuesday.
