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Hungary's central bank raised its one-week deposit rate by a whopping 200 bps to 9.75% on Thursday and the government pledged to rein in the budget deficit in a bid to shore up the forint after it ...
The Hungarian forint firmed after the decision, and was up 0.56% on the day and trading at 359.65 by 1335 GMT. UPDATE 1-CEE MARKETS-Forint firms after bigger-than-expected Hungarian rate hike Skip ...
The forint was down 1.78% on the day and at 1405 GMT traded at 409.50 per euro, a new historic low. "The global mood is sour and the forint is the most vulnerable in the region, and will stay so ...
The forint was up 0.68% on the day and trading at 359.17 per euro by 1224 GMT. A Reuters poll of analysts expected the National Bank of Hungary (NBH) to raise its base rate by 20 basis points to 1.1%.
At 1115 GMT, the forint was down 0.3% at 410.45 to the euro, off the session low of 414.50 and a record low of 416.90 touched this month. UPDATE 1-CEE MARKETS-Hungarian forint cuts losses after ...
The forint (Hungarian pronunciation: ⓘ, sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér , but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post- World War II stabilisation of the Hungarian economy , and the currency remained ...
The forint was up 0.52% on the day, trading at 412.50 per euro, at levels seen earlier in the day, before the central bank said it would hold its base rate at 13%. "Today's decision was not ...
It was the 1 ⁄ 100 subdivision of the Austro-Hungarian and the Hungarian korona, the pengő, and the forint. The name derives from the German word vier (four). Originally, it was the name of the four-kreuzer coin. The fillér coins introduced in 1946 with the forint were worth 2, 5, 10, 20, and 50 fillér. Due to significant inflation that ...