What the news says
The central bank's interest rate cut decision directly impacts the USD/HUF exchange rate, as lower interest rates reduce the attractiveness of the local currency to foreign investors, thereby exerting weakening pressure on the forint.
07/22, 04:36 PM
The Hungarian forint weakened after the central bank cut interest rates.
The Hungarian forint weakened after the central bank cut interest rates.
Affected assets
investing-forex
07/22, 04:36 PM
Related updates
bloomberg-markets · 07/07, 12:00 PM
Market reactionBarclays strategist says Hungary's forint rally is fading as PM Peter Magyar faces challenges to prepare for euro accession.
bloomberg-economics · 06/23, 07:00 PM
Market reactionHungary's central bank cut its key interest rate after the forint's gain slowed inflation, diverging from a global trend toward monetary tightening.
bloomberg-economics · 06/23, 11:00 AM
Event soonBloomberg reports Hungary's central bank is likely to cut rates for the first time in months due to slowing inflation and a stronger forint.
bloomberg-markets · 06/21, 11:28 PM
Market reactionHungary appointed Gergely Tardos, head of research at OTP Bank, as CEO of its Debt Management Agency to lead cost-cutting.
BLOOMBERG · 06/10, 05:01 AM
Event soonHungary's government files legislation to unlock EU funds previously blocked over rule-of-law concerns.
jin10 · 07/19, 10:09 PM
High impactIran claimed its naval air defense shot down a US LUCAS drone off the southern coast, citing state media photos of a damaged drone.
BLOOMBERG · 06/05, 08:01 PM
Market reactionThe European Investment Bank may significantly increase lending to Hungary after a funding deal unlocked frozen EU funds.