Following Central Bank’s Base Rate Hike Forint Firms to Two-Month High

2021. augusztus 25.

Hungary today

In an attempt to curb inflation, the National Bank of Hungary (NBH) once again decided to raise its base rate 30 basis points to 1.50%. In addition, the central bank also announced that it would gradually start withdrawing its government bond purchasing program. The move pushed the forint to a two-month high against the euro.