US EditionHungary's Forint Faces Critical Test As Central Bank Prepares Pivotal Rate Decision
9 Articles
9 Articles
Central Bank Governor Mihály Varga said that the MNB continues to pursue a cautious, stability-oriented monetary policy.
The MNB has not touched the 6.5 percent interest rate since September 2024.
The forint rallied on Tuesday. A few days ago, it was almost 390 forints for one euro, but today the exchange rate has fallen to a level not seen in a long time. In the afternoon, a euro cost just over 379 forints, while a dollar was already cheaper than 318 forints.
The last time this happened was in January 2024.
Mihály Varga spoke strongly to Index about inflation at the beginning of the year - The central bank president also revealed whether another gold purchase will be made.
The Hungarian National Bank held an interest rate decision meeting. Tensions remained high for the rest of the afternoon. As expected, it kept the key interest rate at 6.5 percent at its Tuesday meeting ... ...
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