BNN Bloomberg / Radoslav Tomek and Marton Eder, Bloomberg News
The forint reversed declines against the euro after Hungary’s central bank signaled it expects elevated levels of surplus liquidity in the economy to abate. The currency rose 0.1% to 332.31 per euro by 12:30 p.m. in Budapest after declines of as much as 0.2% earlier in the day. A pick-up in seasonally low government cash reserves via bond sales will likely soak up excess cash, Deputy Governor Marton Nagy said. More...
