Forint Continues to Firm as National Bank Measures Kick In

  • 18 Oct 2022 6:21 AM
  • Hungary Matters
Forint Continues to Firm as National Bank Measures Kick In
The forint continued to firm on Monday as policy measures announced by the National Bank of Hungary (NBH) on Friday impacted the market.

The NBH started holding regular tenders for O/N deposits at a rate of 18%, well above the 13% base rate.

At the tender on Monday, the facility soaked up a little over 1,201 billion forints of banking sector liquidity.

The forint traded at 412.38 to the euro around 5.30pm, firming from 417.68 late on Friday.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

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.

  • Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

    Fitch Projects Hungary’s Inflation Will Fall to 8-10% by End-2023

    • 26 Jun 2023 10:06 AM

    Fitch Ratings has affirmed Hungary’s ‘BBB’ sovereign rating with a negative outlook. “Hungary’s ratings are supported by strong structural indicators relative to ‘BBB’ peers, a record of economic growth fuelled by investments and solid net FDI inflows,” Fitch said in a scheduled review.

  • Budget Deficit Now HUF 2,710 Billion in Hungary

    Budget Deficit Now HUF 2,710 Billion in Hungary

    • 10 May 2023 12:55 PM

    Hungary’s cash-flow-based budget deficit was 2,709.7 billion forints (EUR 7.3bn) at the end of April, up from 2,089.7 billion at the end of March, the Finance Ministry said in a preliminary release of data.

  • Budget Deficit in Hungary Grows to HUF 1,525 Billion

    Budget Deficit in Hungary Grows to HUF 1,525 Billion

    • 24 Mar 2023 9:17 AM

    Hungary’s cash flow-based budget balance finished February with a 1,525.1 billion forint (EUR 3.9bn) deficit, the finance ministry confirmed in a second reading of data. The deficit widened from 143.6 billion forints at the end of January.

Enjoy more

finance CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.

Newsletter

get in & enjoy more!

XpatLoop’s newsletter contains a hand-picked selection of fresh news, special invitations, events, movies, and more.

I understand & accept the Privacy Policy