Hungary Central Bank Widens Depo Rate Corridor, Leaves Base Rate on Hold
Hungarian rate-setters left the central bank base rate unchanged at 3.40% at their regular meeting on Tuesday.
Hungarian rate-setters left the central bank base rate unchanged at 3.40% at their regular meeting on Tuesday.
Hungary’s dependence on Russian energy sources “must end”, László Szakács of the Socialist Party, a candidate of the united opposition in the April 3 election, told an online press conference on Tuesday.
The government’s recent decision to allow the imposition of controls on wheat exports under certain circumstances could prevent prices from soaring, daily Magyar Nemzet reported on Tuesday.
Hungarian forint weakened gradually this morning, and around 10 o’clock the euro reached the 400 forint exchange rate, Portfolio.hu reported.
The forint hit another historic low against the major currencies in the interbank market at dawn on Monday (7th March).
Hungary’s energy supplies are uninterrupted and being delivered on schedule and in line with the valid agreements, Foreign Minister Péter Szijjártó said on Facebook on Sunday after a phone call with his Turkish counterpart Mevlüt Çavuşoğlu.
The government has decided to allocate 140 billion forints (EUR 364.1m) towards road developments, Finance Minister Mihály Varga said on Facebook on Saturday.
Hungary’s trade balance showed a deficit for the sixth month in a row in December, a second reading of data released by the Central Statistical Office (KSH) shows.
Retail sales in Hungary rose by an annual 4.5% in January, slowing from 6.7% in the previous month, the Central Statistical Office (KSH) said.
The National Bank of Hungary (NBH) said it has withdrawn the lending licence of Russian-owned Sberbank Hungary because of its “serious liquidity and capital situation” amid international sanctions against Russia.