Forint Plumbs New Lows Against Euro
- 4 Oct 2022 7:19 AM
- Hungary Matters
The forint traded at 427.26 against the dollar around 5:30, firming from 430.48 late Friday.
It strengthened to 430.65 from 438.71 to the Swiss franc.
The forint traded at 427.26 against the dollar around 5:30, firming from 430.48 late Friday.
It strengthened to 430.65 from 438.71 to the Swiss franc.
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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.
The OECD forecasts Hungary's GDP growth will accelerate to 1.6pc in 2026 and 2.0pc in 2027 in its latest Economic Outlook published on Wednesday.
International reserves of the National Bank of Hungary (NBH) stood at EUR 60.630bn at the end of April, up EUR 1.898bn from a month earlier, data released by the central bank on Monday show.
Hungary’s banking sector is undergoing one of its biggest transformations in years, and retail customers could stand to benefit most from the changes.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.25pc at a monthly policy meeting on Tuesday.













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