Forint Under Pressure Again
- 15 Oct 2020 9:07 AM
The Hungarian currency shed 2% of its value against the euro this week due to fears of the economic impact of the second wave of the pandemic, HVG reports.
More >>The Hungarian currency shed 2% of its value against the euro this week due to fears of the economic impact of the second wave of the pandemic, HVG reports.
More >>The Budapest Stock Exchange has awarded chairman and CEO of OTP bank Sándor Csányi for his achievement in heading the largest bank in Hungary, BSE chairman Mihály Patai announced as the 25th anniversary of the listing of the share was celebrated on Wednesday.
More >>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.
More >>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.
More >>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.
More >>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.
More >>
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