Forint Sinks to Record Low as Hungary Treads Stimulus Tightrope
- Currency weakens 0.2% to 359.71 per euro, down 5.9% in March
- Central bank adding cash via 5-year loans, cuts shorter swaps
Photographer: Akos Stiller/Bloomberg
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Hungary’s forint fell to a record low against the euro on Tuesday, tracking declines across eastern Europe, even as the central bank sought to balance the impact of stimulus on the currency.
The forint slipped 0.2% to 359.8 per euro, passing the previous record reached in March.