Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hungary May Seek Weaker Currency After Bond Sale, Nomura Says

Hungary’s government may press for a weaker forint as it seeks ways to lift the economy out of a recession, Nomura International Plc said.

The sale of $3.25 billion of international bonds yesterday may encourage more policies labeled “unorthodox” by officials such as Prime Minister Viktor Orban, London-based economist Peter Attard Montalto wrote in an e-mailed note after meeting company executives, politicians and analysts in Budapest.

“We found increasing likelihood -- even if the Cabinet is currently split -- that the government will let the currency devalue and then mop up the mess after with policy on FX mortgages, something raised by several sources,” he said today.

Orban and Economy Minister Gyorgy Matolcsy, tipped as the new central bank chief by local media such as, would favor a “devaluation,” a move that would be opposed by Mihaly Varga, the minister in charge of talks with international creditors, Montalto wrote.

Attempts to weaken the forint, this year’s seventh-best performer against the euro, would be accompanied by a rescue for households with debt in other currencies, he said.

The risk to the forint “is the most pressing near-term issue for the market,” according to Montalto.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.