CHANNEL SHORTCUTS / SPONSORS
FEATURES
CHANNELS
CHANNEL SPONSORS
At the same time, the Monetary Council decided to narrow the interest corridor further, the upper band lowered by 100 basis points to 16.5%.
Click here to read the full report
XpatLoop Media Partner
The forint weakened further on Thursday, after slipping past 400 to the euro on Wednesday.
August's 3.4pc CPI was in line with the National Bank of Hungary's expectations, and the central bank sees inflation falling to 3.1pc in September, Andras Balatoni, an NBH director said.
The MNB expects Hungary’s economy to grow by just 1-1.8% this year, a sharp revision from the 2-3% forecast made three months ago, according to preliminary data from the quarterly inflation report to be released.
The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting.
LATEST NEWS IN finance