CBank Must Stop Forint Weakening, Says Opposition DK

  • 10 Jul 2020 9:13 AM
  • Hungary Matters
CBank Must Stop Forint Weakening, Says Opposition DK
The opposition Democratic Coalition has called on György Matolcsy, the governor of the National Bank of Hungary, “to stop weakening the national currency, the forint”.

“Data by the Central Statistical Office show that the retail prices of sausage, potato, fruits, vegetables and pork have gone up by 20% in the past twelve months while the prices of ham and salami have increased by over 10%,” DK’s deputy leader László Varju told an online press conference.

He said the government had first failed to tackle the crisis and let later “the forint plunge to historical lows” against the euro.

“First the forint must be strengthened to prevent a further surge of prices in the short term, and next the euro must be introduced in the long term,” Varju said.

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