Hungarian Forint Weakened Against Euro Hitting Lowest Point in 12 Month
- 5 Mar 2024 5:41 AM
The forint weakened at one point to 396.80 per euro yesterday, hitting a 12-month low not seen since March of last year.
The forint weakened at one point to 396.80 per euro yesterday, hitting a 12-month low not seen since March of last year.
Hungarian central bank (NBH) rate-setters cut the base rate by 100 basis points to 9.00% at a regular policy meeting.
Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points, to 10.00%, at a regular policy meeting.
Annual inflation in Hungary was 5.5% in December, while it averaged 17.6% in 2023, the Central Statistical Office (KSH) said.