New 500 Forint Launched
- 4 Jul 2018 10:01 AM
- Hungary Matters
The new 500 forint bills will become legal currency from July 4, but will not come into broad circulation until February 1, 2019.
MTI Photo: Bruzák Noémi
The new 500 forint bills will become legal currency from July 4, but will not come into broad circulation until February 1, 2019.
MTI Photo: Bruzák Noémi
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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.
A fixed 3 percent interest rate loan scheme with a maximum value of 150 million forints will be launched for Hungarian small and medium-sized enterprises from October 6, Prime Minister Viktor Orbán said.
The National Bank of Hungary (NBH) acknowledged a moderation of inflation in recent months compared to levels early in the year, but said CPI was expected to stay above the 2pc-4pc tolerance band for the rest of the year in a report.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
Analysts of MBH Bank expect the forint, which has reached a two-year high against major currencies, to remain strong for the rest of the year, reducing inflation expectations.












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