The bank launched the tenders to shore up the forint last Friday
PHOTO
Hungary's central bank will hold its quick deposit facility tender offered at a fixed 18% interest rate again on Thursday, it said.
The bank launched the tenders to shore up the forint last Friday, when it unexpectedly ramped up interest rates and said it would provide foreign currency from its reserves to pay for Hungary's surging energy imports in an emergency move to boost the forint. (Reporting by Gergely Szakacs)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024