The strengthening forint
is threatening exports and the National Bank of Hungary, which has already cut its main rate NBHI to a record low of 0.
Our Hungary Country Risk team forecasts significant forint
appreciation against the dollar over 2016-2020, which supports our forecast for a consumer electronics device spending CAGR of 7.
USPRwire, Fri Sep 04 2015] A more bearish outlook for forint
depreciation in 2015 has resulted in a downgrade to the consumer electronics spending growth outlook for Hungary.
was largely unfazed while bonds firmed slightly.
Eastern European destinations are full of promise, says the 2013 Post Office City Costs Barometer released today, with Budapest's low prices and the pound's stability against the forint
currency making it the best bargain.
has weakened significantly in recent weeks as a consequence of these worries.
Summary: Hungary's currency the forint
fell Wednesday following a report that Economy Minister Gyorgy Matolcsy, seen .
Other currencies which have crashed against sterling include the Polish zloty, the Hungarian forint
, the Czech koruna and the Turkish lira.
LONDON: The Hungarian forint
skidded more than 1 percent against the euro on Monday after Budapest requested help from the IMF while Egypt's debt insurance costs blew out 60 basis points to 2-1/2 year highs as pre-election violence accelerated in Cairo.
per liter, salted snacks 400 per kilogram, ice cream 100 per kilogram, instant soup 500 per kilogram and candy 200 forint
In February, the bank had announced its plans to purchase forint
mortgage debt to reduce premiums and encourage cheaper credit in local currency.
BNP advises clients to take "long" positions in the rand, shekel and lira while "shorting" the Hungarian forint
, Polish zloty and Czech koruna, Elisabeth Gruie, an emerging-market currency strategist in London, told Bloomberg agency.