National Bank of Hungary has released 4Q current account deficit of EUR 1.12bn, below Reuter’s consensus of EUR 1.35bn. The National Bank also made smaller revisions to the 3Q06 and 2Q06 data. They revised 3Q06 current account deficit data to EUR 1.16bn from an earlier EUR 1.13bn and the second quarter deficit to EUR 1.47bn from EUR 1.48bn.
Our view: We believe the news could have slight positive impact on HUF trading.