Forint in focus today: Interest rate decision on the table

Yesterday, the forint market was very subdued due to the national holiday of 23 October. Today is the day of the central bank’s interest rate decision. The response to the decision could move the forint – and we shall see in which direction.

The forint was a minor player in Monday’s trading due to the national holiday. The euro was trading below HUF 382 shortly before 9 AM. At that time the dollar was trading around HUF 361.

Compared to Friday evening levels, these exchange rates represent a minimal increase in the forint, mfor.hu notes. At that time, the euro was HUF 382.34 and the dollar HUF 361.59.

For the Hungarian currency this week, the comments regarding the central bank’s interest rate decision on Tuesday could be important as it could trigger a weakening or a strengthening trend.

Find our reports on the National Day celebrations and commemorations below:

• Hungarian National Day: national flag is raised in front of the Parliament – Photos
• Torchlight march was held in Budapest to commemorate the 1956 revolution – photo gallery
• Commemoration of 1956 in Canada: red-white-green Niagara Falls, folk dancers – VIDEO