Hungary May Lift Rates to Prop Up Forint, Danske Says
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Investors should be “positioned” for higher interest rates in Hungary after the central bank said yesterday the forint’s record weakness against the Swiss franc poses risks to growth and local banks, Danske Bank A/S said.
“The Hungarian central bank clearly continues to deliver hawkish comments,” the Copenhagen-based bank wrote in a report to clients today. “A rate hike within the next three months can no longer be ruled out.”