Luke Heighton

Liverpool, London

Senior CEEMEA Correspondent at Market News International

Senior Europe Correspondent, Europe @MNIMarketnews, covering @ecb, @SNB_BNS, @Merkez_Bankasi, @nbppl, @MNB_Hungary and @CNB_cz. Retweet ≠ endorsement 🇺🇦

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Articles

MNI INTERVIEW: CBRT Will Raise Target, Tighten - ...- 04-30-2025

2 weeks ago | mnimarkets.com | Luke Heighton

You are missing out on very valuable content. Turkey's central bank is likely to further raise rates and increase its year-end inflation target in response to worsening inflation expectations, a depreciating currency and rising fiscal pressures, a leading Turkish economist told MNI. The CBRT's ...
MNI INTERVIEW: Good Start By NBH's Varga, Tests A...- 04-30-2025

2 weeks ago | mnimarkets.com | Luke Heighton

You are missing out on very valuable content. Hungary's new central bank governor has made a good start by holding rates and emphasising a cautious approach to policy, one of his predecessors told MNI, but with growth faltering and the government likely to deploy fiscal firepower to sway voters ...
MNI NBH WATCH: Rates Seen Held Despite March Infl...- 04-28-2025

2 weeks ago | mnimarkets.com | Luke Heighton

You are missing out on very valuable content. The National Bank of Hungary is expected to leave interest rates unchanged despite March's downside inflation surprise when it meets on Tuesday, with new Governor Mihaly Varga also seen maintaining a hawkish tone: https://www.mnimarkets.com/articles/...
MNI INTERVIEW: Varga Calms Cloudy Outlook - Ex-NB...- 04-25-2025

3 weeks ago | mnimarkets.com | Luke Heighton

You are missing out on very valuable content. National Bank of Hungary monetary policy under new governor Mihaly Varga will prioritise stability over politics, former deputy governor Julia Kiraly told MNI, but the bank will have to target the exchange rate to prevent domestic inflation expectati...
MNI POLICY: Kurali To Succeed Virag As NBH MonPol...- 04-24-2025

3 weeks ago | mnimarkets.com | Luke Heighton

The National Bank of Hungary's Barnabas Virag has been moved aside from his role as deputy governor for monetary policy, financial stability and foreign exchange reserve management, MNI can report, with the role instead given to former Hungarian debt...
MNI INTERVIEW: German Defence Employment To 'At L...- 04-17-2025

1 month ago | mnimarkets.com | Luke Heighton

Employment related to Germany's defence industry will at least double to almost a million in the next few years thanks to government plans to exempt substantial defence outlays from the so-called debt brake and to create a EUR500 billion infrastructu...
MNI INTERVIEW: CBRT Keen To Avoid Hike, Governmen...- 04-15-2025

1 month ago | mnimarkets.com | Luke Heighton

You are missing out on very valuable content. The Central Bank of Turkey is likely to adjust macroprudential tools or raise short-term rates rather than increase its key policy rate this week in order to avoid a conflict with the government, a leading expert on the country's economy told MNI. W...
MNI NBH WATCH: New Governor, New Projections, Same Base Rate

1 month ago | marketnews.com | Luke Heighton

MNI (LONDON) - The National Bank of Hungary is widely expected to keep its base rate unchanged at 6.5% this week after inflation strengthened again, with new Governor Mihaly Varga likely to signal a continuing pause following its easing cycle. Inflation has been on a steady upward trend since last autumn, when September's CPI growth of 3.0% prompted the most recent cut, by 25 basis points, further reducing the base rate from its 13% peak a year earlier.
MNI BRIEF:CBRT Ups O/Night Lending Rate, Policy Rate Unchanged

1 month ago | marketnews.com | Luke Heighton

The Central Bank of Turkey has responded to recent market instability. MNI (LONDON) - The Central Bank of Turkey raised its overnight lending rate from 44% to 46% on, but kept the policy rate unchanged at 42.5% and the overnight borrowing rate at 41.00%, following an interim meeting on Thursday following Wednesday's big lira selloff. “The Monetary Policy Committee (the Committee) convened to exchange views on the recent financial market developments.
MNI INTERVIEW: CBRT To Ease Further After Lira Selloff

1 month ago | marketnews.com | Luke Heighton

MNI (LONDON) - The Central Bank of the Republic of Turkey is likely to continue to cut rates this year, though it may slightly pare back its easing plans, after being forced to intervene to support the lira this week following the arrest of a leading opposition figure, a former CBRT deputy governor told MNI.