(Bloomberg) -- The Hungarian forint fell to near its lowest in two months against the euro on expectations the central bank will cut interest rates next week.
Hungary's currency was the third worst performer versus the euro in the past month, falling 1.4 percent. Policy makers will probably cut the benchmark rate a quarter-point at their next meeting on May 21, a Bloomberg News survey shows, after holding it at 8 percent since October, the highest in the EU.
Read more at Bloomberg Currencies News
No comments:
Post a Comment