Morgan Stanley Sees Hungary-IMF Deal by End-September

Hungary may reach an agreement with the International Monetary Fund by the end of September, Morgan Stanley said, adding that there is a risk of delay in sealing the deal.

The forint should outperform the Polish zloty as Hungary nears an agreement, Morgan Stanley said in a report today. Buying the Hungarian currency and selling the zloty is a trade “we are watching,” Morgan Stanley said, adding that it does not recommend the trade “yet.”

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.