Hungarian Forint Strengthens To Five-Month High

  • 18 Jan 2019 8:16 AM
  • Hungary Around the Clock
Hungarian Forint Strengthens To Five-Month High
The forint traded at less than 320 per euro on Thursday, reaching a five-month peak after a two-day rally.

The strengthening started on Wednesday when MNB deputy governor Márton Nagy said the central bank was ready to start monetary tightening if core inflation hits 3%, something that he said he expected to occur in the first quarter.

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