Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hungary MPC to Eye Forint, Markets in Decision, Reuters Says

Feb. 21 (Bloomberg) -- Hungary’s rate-setting Monetary Council will have to “keep in mind” the forint’s recent strengthening and the easing of market tensions at its February policy meeting, Reuters reported yesterday, citing central bank Deputy Governor Ferenc Karvalits.

Talks with the International Monetary Fund and the European Union on financial assistance will be difficult as the international lenders will want to see guarantees of faster long-term growth and a sustainable debt path, the newswire cited Karvalits as saying.

Asked about potential rate cuts after a financing agreement is reached, Karvalits said internal and external uncertainties were too numerous to forecast such a move, adding that the bank’s Inflation Report due in March will be key, according to the report.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.