forint - Diplomacy & Trade

Hungarian Inflation the Highest in the EU

D&T — Fri, 04 Nov 2022 10:36:05 +0000

It is increasingly apparent that Hungary’s inflation is the steepest in the European Union. Although the official inflation indicators of the Baltic countries are higher than those of Hungary, EU data from the summer show that the core inflation indicator, which contains much less distorting effects, is the worst in Hungary. The inflationary pressure intensified […]

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Forint in free fall may force Hungary to hike rates, join euro waiting room

D&T — Fri, 14 Oct 2022 07:58:12 +0000

The continued plunge in Hungary’s national currency is forcing the country’s decision makers to revisit earlier policy measures as the weakening forint wreaks havoc in the economy. The central bank may be forced to resume its tightening cycle while the government has indicated it could bring forward the nation’s erm-2 accession, the waiting room of […]

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Hungarian Currency Puts in Stellar Performance

D&T — Fri, 04 Jun 2021 07:43:27 +0000

Hungary’s forint broke multi-month records against the euro in recent days, fueled by rate hike expectations and a promising economic growth outlook. The currency gained ground even as a steadying US dollar cut international risk appetite. As inflation in Hungary and other central European nations is above central banks’ target levels, investors are betting on […]

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