The Hungarian forint strengthened yesterday after the nation’s central bank left interest rates unchanged, a move expected by market analysts, and pledged to keep monetary policy stable for as long as it can.
Hungary — News Archive
Hungarian Forint Rises as Central Bank Ends Interest Rate Cut Cycle
July 23, 2014 at 17:15 Hungarian Forint
The Hungarian forint advanced today after yesterday’s monetary policy meeting of the nation’s central bank. While the bank cut its main interest rate more than was expected, it also announced an end to the longest cycle of interest rate cuts in Europe.
Forint Drops as Hungarian Central Bank Cuts Main Interest Rate
May 27, 2014 at 16:27 Hungarian Forint
The Hungarian forint declined today after the nation’s central bank lowered its main interest rate for 22nd consecutive month, extending the longest monetary-loosening cycle in Europe, and signaled that additional rate cuts are likely.
Hungarian Central Bank Slashes Main Rate, Forint Retains Appeal
April 29, 2014 at 20:40 Hungarian Forint
The Hungarian forint advanced today even after the nation’s central bank reduced its main interest rate. The bank was not particularly pessimistic despite the interest rate cut, helping the currency to retain its appeal.
Hungarian Forint Weakens as Analysts Anticipate Interest Rate Cut
February 10, 2014 at 18:21 Hungarian Forint
The Hungarian forint declined today on concerns that the nation’s central bank will continue easing monetary policy even though economists warn that such actions may hurt the health of the country’s economy.
Hungarian Forint Strengthens as Growth Gains Momentum
November 14, 2013 at 18:45 Hungarian Forint
The Hungarian forint gained today after the report showed that country’s economic growth exceeded forecasts, suggesting that recovery from the last year’s recession is gaining momentum.
Hungarian Forint Drops as Central Bank Performs Interest Rate Cut
August 28, 2013 at 1:19 Hungarian Forint
The Hungarian forint weakened today after the nation’s central bank performed an interest rate cut yesterday. The general market sentiment was not helping the currency either.
Forint Rises, Heads to Quarterly Gain
June 28, 2013 at 12:24 Hungarian Forint
The Hungarian forint advanced today as the nation’s current-account balance posted bigger surplus in the last quarter than was expected by specialists.
EUR/HUF Rises After Rate Cut Before Retreating, USD/HUF Stays Lower
June 25, 2013 at 14:20 Hungarian Forint
The Hungarian forint fell against the euro today as the central bank cut interest rates in order to facilitate economic growth, but has recovered as of now. The currency managed to advance versus the US dollar, but has trouble keeping gains.
Hungarian Forint Drops on Tax Increases & Risk Aversion
June 18, 2013 at 15:42 Hungarian Forint
The Hungarian forint dropped today as domestic concerns added to the general risk aversion sentiment on the Forex market that was caused by the policy meeting of the Federal Reserve.