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Headline inflation picked up to 2.9% in October, while the central bank's key tax-adjusted inflation number also rose to 3.7% in October from 3.4% in September, data showed. Hungary's benchmark base rate is at 0.9% while the overnight deposit rate is at -0.05%. "This is one factor in the forint's weakness ... that we have the loosest monetary policy in the region," one dealer in Budapest said....
(Bloomberg) -- Electricity Supply Board, the state-owned Irish utility, is in advanced talks to buy a stake in a Scottish offshore wind farm project owned by Electricite de France SA, people familiar with the matter said.A deal for a 50% holding in the Neart na Gaoithe development could be announced as soon as the next few weeks, the people said, asking not to be identified because the information is private.EDF bought the asset from Mainstream Renewable Power Ltd. last year for an undisclosed amount. At the time, EDF said it would open the project to other investors in due course. The 450-megawatt facility is set to cost about 1.8 billion pounds ($2.3 billion) to build and will supply enough electricity for 375,000 homes. It’s due to be commissioned in 2023, the French state-controlled utility has said.No final agreements have been reached, and talks could still be delayed or fall apart, the...
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