Hungary Looks to June for Potential Rate Move on Strong Forint

The forint’s post-election rally should give the central bank an opportunity to reassess its cautious monetary policy, Vice Governor Zoltan Kurali said, signaling that an interest-rate cut as early as June could be on the cards.

The Hungarian currency has staged one of the biggest rallies among emerging-market currencies, appreciating 8% against the euro this year, as Prime Minister Viktor Orban was ousted after 16 years in a ballot last month.