Hungary’s Varga Touts Stable Forint for Growth, Inflation Fight

Hungarian central bank governor Mihaly Varga said currency stability is key for slowing inflation and laying the groundwork for more robust economic growth.

The comments, at an annual economics forum in the western Hungarian city of Veszprem, affirmed the central bank’s tight monetary policy that helped propel the forint to the strongest level in almost a year against the euro.