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The Hungarian forint has weakened significantly, falling past 400 per euro, marking its lowest point since March 2023. The currency's decline, which saw it drop 0.2% on the day to 398.75 per euro, hitting an 8-week low, and later to 399.70 per euro, has prompted Hungary's central bank to pledge a 'disciplined and tight' monetary policy to address investor concerns. The central bank also indicated that its green financing scheme would depend on inflation and market conditions.
Hungary’s central bank pledged to maintain “disciplined and tight” monetary policy to soothe investor concerns as the forint fell to the weakest in 1.5 years https://t.co/RBqNxPXyjP
Hungary’s central bank pledged to maintain “disciplined and tight” monetary policy to soothe investor concerns as the forint fell to the weakest in 1.5 years https://t.co/FaBlcjpo37
Hungary’s central bank pledged to maintain “disciplined and tight” monetary policy to soothe investor concerns as the forint fell to the weakest in 1.5 years https://t.co/Fh2rX4bmDE
