Collateralised Loan Rate Raised by Hungary’s Central Bank
- 15 Oct 2022 7:17 AM
Hungary’s central bank raised the rate for overnight collateralised loans by 950 basis points to 25% effective Friday, the monetary council said in a statement.
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Big GDP Gap Between Budapest & Other Regions of Hungary
- 15 Oct 2022 6:50 AM
The gap between Budapest and Hungary’s other regions in terms of GDP per capita is still large, Tibor Navracsics, the minister of regional development, said.
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Hungarian Opinion: Forint Weakens Further Against the Euro & Dollar
- 13 Oct 2022 6:29 AM
As year-on-year inflation hits 20,1 per cent in September, and 1 Euro trades at 429 HUF, an independent financial analyst wonders how and if the decline of the Forint can be halted.
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Trade Deficit Reaches Euro 1.3 Billion in August in Hungary
- 11 Oct 2022 6:03 AM
Hungary had a 1.3 billion euros trade deficit in August, a first reading of data released by the Central Statistical Office (KSH) on Monday shows.
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Forint Plumbs New Lows Against Euro
- 4 Oct 2022 7:19 AM
The forint traded at 420.17 to the euro around 5:30 in the evening on Monday, recovering after slipping as far as 425.96 in the afternoon, a new low.
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Forint Hits New Historic Low Against Major Currencies
- 30 Sep 2022 11:26 AM
Concerning the forint’s new historic low against major currencies, Gulyás said monetary policy was determined by the central bank.
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