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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 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.
The forint firmed to a four-year high against the euro on Monday, after a landslide election victory by the Tisza Party. The forint traded at 363.12 to the euro around 5:00 in the evening on Monday, advancing from 375.13 late Friday.
A sustained 10% rise in oil prices could lift inflation by 0.5% in Romania and 0.45% in Hungary, according to an analysis by ING bank underlining the vulnerability of energy-importing economies in Central and Eastern Europe.
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.
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