HUF Nears All-Time Low Against Euro
- 30 Sep 2020 12:15 PM
The forint exchange rate is hovering only 1% above its all-time weakest position of Ft 369.5 to the euro, reached in the spring, Portfolio observed.
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Hungarian Finance Minister Augurs Economic Turnaround In First Half Of 2021
- 29 Sep 2020 7:45 AM
Finance Minister Mihály Varga (pictured on top) projected the economy would turn around in the first half of next year as the recovery from the coronavirus crisis is slow across Europe, in an interview on public radio.
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Base Rate Kept On Hold By Hungarian Central Bank
- 23 Sep 2020 11:14 AM
Hungarian rate-setters kept the base rate on hold at 0.60% at a regular meeting. The Monetary Council also left the interest rate corridor unchanged, the National Bank of Hungary (NHH) said.
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National Bank Of Hungary Knocks Down GDP Forecast
- 23 Sep 2020 10:34 AM
The National Bank of Hungary (NBH) expects the economy to contract between 5.1% and 6.8% this year, forecasts from its latest quarterly Inflation Report show.
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Hungary To Extend Credit Debt Repayment Moratorium By Six Months
- 22 Sep 2020 6:50 AM
Jobs and the living standards of families must be protected also during the virus, Prime Minister Viktor Orbán stressed in a video message posted on his Facebook account on Saturday, announcing that the credit debt repayment moratorium offered to households will be extended – in the case of certain social groups – for another six months from 1 January 2021.
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Forint Weakens To 361 Per Euro
- 18 Sep 2020 8:21 AM
The forint weakened to 361.2 per euro on Thursday, as East European currencies lost value, as usually happens when the dollar strengthens, analyst of ING bank Péter Virovácz said.
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