Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga (pictured on top left) said after a meeting of the financial action group coordinating the financial response to the epidemic. More >>
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Forint Under 'Strong Speculative Attack'
- 8 Apr 2020 12:36 PM
Gergely Gulyás, head of the Prime Minister’s Office, has praised Hungary’s central bank for its “excellent” handling of a “strong speculative attack” against the forint, which he said had been the reason behind the weakening of the national currency to record low levels of 360-370 against the euro.
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Hungary’s National Bank Raises O/N, One-Week Collateralised Loan Rates To 1.85 Percent
- 8 Apr 2020 10:03 AM
The Monetary Council of the National Bank of Hungary (NBH) decided to raise the rates for the central bank’s O/N and one-week collateralised loans by 95 basis points to 1.85% at a meeting on Tuesday.
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Nearly 100,000 Continue Paying Loans In Hungary
- 7 Apr 2020 12:12 PM
Almost 100,000 customers of banks have already indicated that they will continue to repay their loans, writes hvg.hu.
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More Hungarians Looking To Save Money
- 7 Apr 2020 10:16 AM
According to the experience of recent weeks, more and more people are looking for long-term solutions that can protect themselves and their loved ones from adverse economic and financial effects in a predictable way, says azenpenzem.hu.
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Electronic Payments Dramatically More Popular In Hungary
- 6 Apr 2020 8:51 AM
The coronavirus epidemic, along with the launch of the instant transfer system, is helping to increase the spread of electronic payments, Magyar Hírlap writes, citing Money.hu analyst Erika Trencsán.
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Forint Strengthens From Historic Low After National Bank Intervention
- 2 Apr 2020 12:41 PM
The forint started strengthening after a historic low on Wednesday following the central bank’s announcement of a tender for one-week deposits.
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