Hungarian Central Bank Announces Extraordinary Measures to Halt Forint’s Slide

2022. október 17.

bne IntelliNews

The Hungarian National Bank (MNB) was forced to introduce a number of emergency measures on October 14 to stabilise the financial markets and to halt the decline of the forint, which has broken record lows several times this week. The forint appreciated 3% against major currencies after the announcement, the largest intra-day gain in more than 10 years.