Hungarian central bank running out of tools to rein in surging forint

Hungarian central bank running out of tools to rein in surging forint
 

The forint has surged to 17-month highs boosted by the Hungarian economy's improving risk profile, testing the ability of the country's central bank to rein in the currency and protect growth.
The strengthening forint is becoming a risk to Hungary's export-orientated economy and the National Bank of Hungary, which has already cut its main rate NBHI to a record low 0.9 percent, has only a limited range of policy tools left to keep a lid on further rises, analysts said.
The forint, Hungarian government bonds and Budapest's stock market -- which has surged 19 percent this year -- have... read more

 
10 October 2016 in Business, Views: 38
Source: Reuters
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