Historic Forint Fall: Hungary Blames Brussels
- 8 Mar 2022 6:48 AM
Hungary’s currency has become a victim of Brussels’s sanctions, which have caused substantial damage to the Hungarian economy, Finance Minister Mihály Varga said on Monday.
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New Historic Low: Forint Just Dropped Past 399 to Euro
- 7 Mar 2022 1:45 PM
HUF dropped as low as 399.56 to the euro around 10 am CET today, yet another historical low recorded after it fell heavily last week.
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Opinion: Hungary’s Economic Outlook Seen as Uncertain
- 7 Mar 2022 6:53 AM
A leading investment banker predicts that the war in Ukraine will have seriously negative economic implications for Hungary where soaring inflation may trigger stagflation.
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Hungarian Central Bank Raises Leading Rate to 5.35%
- 4 Mar 2022 7:05 AM
The MNB increased its one-week deposit facility, its leading interest rate, by 75 basis points to 5.35%, exceeding expectations.
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Forint Recovers from Historic Low
- 3 Mar 2022 5:12 PM
The forint traded at 380.77 to the euro around 5.30pm on Wednesday, regaining some ground after hitting a new record low of 383 earlier in the day.
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Hungarian Economy Grew 7.1% in 2021
- 3 Mar 2022 1:51 PM
Hungary’s economy grew by an annual 7.1% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a second reading of data.
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