Forint Drops as Orban’s Minister Renews Critique of Central Bank

The forint dropped after Hungarian Economy Minister Marton Nagy renewed his calls for lower interest rates and questioned central bank policies which have caused the currency to strengthen.

In an interview with Index news website published Tuesday, Nagy returned to a familiar line from Prime Minister Viktor Orban’s government, which most recently caused a forint dip in October by calling for an easing in monetary policy.