Technical Error Disrupts Budapest Stock Exchange Trading
- 15 Apr 2020 1:45 PM
Trading on the Budapest Stock Exchange was suspended due to a technical error in the trading system, the BSE announced on Tuesday.
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IMF Sees Hungary’s Economy Contracting 3.1% In 2020
- 15 Apr 2020 12:51 PM
The International Monetary Fund (IMF) projects Hungary’s economy will contract by 3.1% this year in its latest World Economic Outlook.
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Hungarian Opinion: Soros Accused Of Speculating Against Forint
- 14 Apr 2020 10:27 AM
The pro-government media suspects that the extreme volatility the Hungarian currency has shown over the past few days is due to speculative sales. They all believe that American-Hungarian financier George Soros may be the one pulling the strings. A liberal weekly ridicules that assumption.
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Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts
- 9 Apr 2020 7:18 AM
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.
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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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