Archive for the ‘Hungarian Forint’ Category

Hungarian Central Bank Holds Rate - Forint Drops

Monday, December 17th, 2007

Hungarian ForintMagyar Nemzeti Bank (Hungarian Central Bank) decided today during the Monetary Council’s meeting to hold the main refinancing interest rate at the same level - 7.50%, after the last cut made from 7.75% by MNB on September 25.

Hungary May Abandon Forint Exchange Limits

Wednesday, December 12th, 2007

Hungarian ForintHungarian central bank, Magyar Nemzeti Bank (MNB), will probably find it necessary to bring an end to the limits of the euro/forint rate maximum change (which is at 15% currently) after country’s inflation report for November showed 7.1% growth, while the target inflation rate is just 3.0%.