• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
[gtranslate]
[gtranslate]
Government responsible for Hungarian forint’s historical low?Government responsible for Hungarian forint’s historical low?Government responsible for Hungarian forint’s historical low?Government responsible for Hungarian forint’s historical low?
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • PHOTOS: King Charles III arrived to his favourite Hungarian village!

  • Strike: Wizz Air warns of serious disruptions this weekend

  • Scandal at Budapest Airport: Not everyone got a seat on Wizz Air flight

Support us
John Woods John Woods · 09/03/2022
· Politics

Government responsible for Hungarian forint’s historical low?

The opposition Democratic Coalition (DK) on Wednesday blamed the government’s “irresponsible policymaking” for the Hungarian currency’s “historical low”. The forint slipped to 399 against the euro on Monday morning before recovering somewhat. It has hovered around that rate over the past two days.

Zoltán Varga, the spokesman for DK’s parliamentary group, told an online press conference that if the opposition were elected on April 3, it would take measures to strengthen the forint before adopting the euro later on. Varga also noted that food, fuel and services prices had shot up over the past year.

Ruling Fidesz responded in a statement: “If it were up to the left wing, Hungary would face brutal inflation caused by the [Russia-Ukraine] war, because their prime ministerial candidate would push the country into the war, scrap the government’s household utility price caps and turn off the [Russian] gas tap.”

The Hungarian opposition wants energy sanctions and rejects central price caps, the statement said, adding that its

“confusing talk” and “irresponsible demands”

posed a threat to ordinary Hungarians, the country’s economy, and domestic price stability.

  • Read also: This is how Hungarian real estate market is affected by the historic low of HUF

Fidesz noted high inflation in Europe due to the pandemic’s economic effects, rising energy prices, the war in Ukraine and related sanctions, adding that Hungary is mid-field in the bloc in terms of inflation.

It noted

government measures to protect Hungarians against inflation,

including wage and pension increases and caps on energy bills, basic food and fuel prices, and interest on bank loans. These measures helped to curb inflation by 3-4 percentage points, Fidesz said.

forint
Read alsoThe Hungarian forint collapsed – here is why

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
currency exchange Democratic Coalition forint Hungarian government Hungary
Share

Hot news

  • Central Bank governor talks about Hungarian euro introduction date

  • PHOTOS: King Charles III arrived to his favourite Hungarian village!

  • Orbán agrees on long-term strategic cooperation with German telecommunications giant

  • Orbán: European politics are full of ‘blah-blah’

  • Brand new giga investment announced in Budapest

  • What happened today in Hungary? — 2 June, 2023

Related posts

Viktor Orbán Olaf Scholz Germany Hungary
02/06/2023

Orbán: European politics are full of ‘blah-blah’


Read more
Viktor Orbán President Erdogan
02/06/2023

Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won


Read more
György Budaházy
02/06/2023

Opposition: Hungarian President should not pardon terrorists


Read more
Putin Orbán
02/06/2023

Statements from Orbán outrage Kyiv: ‘Call your friend Putin’


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Central Bank governor talks about Hungarian euro introduction date

Central Bank governor talks about Hungarian euro introduction date

Read More
PHOTOS: King Charles III arrived to his favourite Hungarian village!

PHOTOS: King Charles III arrived to his favourite Hungarian village!

Read More
Orbán agrees on long-term strategic cooperation with German telecommunications giant

Orbán agrees on long-term strategic cooperation with German telecommunications giant

Read More
Orbán: European politics are full of ‘blah-blah’

Orbán: European politics are full of ‘blah-blah’

Read More
Brand new giga investment announced in Budapest

Brand new giga investment announced in Budapest

Read More
What happened today in Hungary? — 2 June, 2023

What happened today in Hungary? — 2 June, 2023

Read More
Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won

Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won

Read More
Strike: Wizz Air warns of serious disruptions this weekend

Strike: Wizz Air warns of serious disruptions this weekend

Read More
UEFA opens investigation against Mourinho for his misbehaviour in Budapest

UEFA opens investigation against Mourinho for his misbehaviour in Budapest

Read More
Wizz Air to begin operation at brand new airport this year

Wizz Air to begin operation at brand new airport this year

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?