Reuters was first to report comments by a Hungarian central banker who flagged a cut in the top of its interest rate corridor, which could be the first rate cut in Central and Eastern Europe. The forint fell almost 2% against the euro after the comments, made by Deputy Governor Barnabas Virag to Hungarian business website vg.hu.
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Testing waters, Hungary’s central bank flags cut in top end of rate corridor
19 April 2023, 12:00 am
1 min read