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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The forint exchange rate has been hovering around its strongest level in a year and a half this week, trading near 385.4 against the euro on Wednesday, Portfolio reports.
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.
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.
The state debt manager ÁKK has been ordered in a final court ruling to release the contracts related to a €1 billion Chinese loan agreement, it was announced by Democratic Coalition MP László Varju, who started the case.











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