The forint is the strongest it has been for a while – positive prospects?
It has been a long time since the forint has been this strong. After last week’s “rally”, it did not take long this week for the forint to move to a new psychological level, Forbes, a business magazine reports.
On Monday morning, the euro was already trading below the 400 forint level, reaching 399.2 forints shortly before 9 AM.
A Portfolio article recalls that the strengthening of the forint gained momentum on Friday along with the weakening of the dollar, with the forint up half a percent against the euro so far today.
The strengthening came after the Hungarian National Bank (MNB)’s decision this morning, with the central bank keeping the policy rate at 18 percent.
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Source: Forbes.hu, Portfolio
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2 Comments
Let’s get the facts out, for a change:
https://tradingeconomics.com/hungary/interest-rate
Am I alone in finding this … Disturbing ??? This is REALLY BAD – failing to see the “positive prospects”
OK – little more analysis:
https://tradingeconomics.com/country-list/bank-lending-rate
We’re doing worse than Ukraine, sandwiched between Angola and Sri Lanka. Dead last in Europe, obviously