US EditionThe Forint Hit a Floor on Tuesday: the Rematch Is Possible, but It Won't Be an Easy Ride
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4 Articles
The conflict in the Middle East could quickly rewrite the economic outlook in Central and Eastern Europe, and Hungary could be particularly sensitive to rising energy prices. Analysts say the rising oil price, the weakening forint and rising inflation risks are making it increasingly unlikely that the Hungarian National Bank will implement another interest rate cut in the near future.
The forint weakened dramatically on Tuesday. The mood was not helped by the fact that the world market price of natural gas and oil has risen sharply in recent days, which also calls into question the global economic outlook and planned interest rate cuts. Based on the stock market reactions of the past two days, it can be stated that the forint is one of the biggest losers of the Iran war: it is also underperforming in the region, for example, …
Fuel prices are rising again.
The markets have fallen to levels not seen in a long time, the euro-forint is approaching 390, the BUX is down 3 percent. The stock markets have come under significant pressure, the BUX index is also falling, OTP shares ... ...
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