(Bloomberg) -- The Hungarian forint posted its fourth
consecutive week of declines, its longest losing run in almost a
year, on speculation the central bank may cut interest rates as
soon as next week.
The forint is the worst performer versus the euro so far
this month, falling 2 percent. Policy makers will probably cut
the benchmark rate, the highest in the European Union, by a
quarter-point at their meeting on May 21, a Bloomberg News survey
shows. The bank has left the key rate at 8 percent since October.
Read more at Bloomberg Currencies News
consecutive week of declines, its longest losing run in almost a
year, on speculation the central bank may cut interest rates as
soon as next week.
The forint is the worst performer versus the euro so far
this month, falling 2 percent. Policy makers will probably cut
the benchmark rate, the highest in the European Union, by a
quarter-point at their meeting on May 21, a Bloomberg News survey
shows. The bank has left the key rate at 8 percent since October.
Read more at Bloomberg Currencies News
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