Wednesday, May 2, 2007

Hungary May Abandon Forint Band in `Year Ahead,' Central Banker Says

(Bloomberg) -- Hungarian central banker Gyorgy Kopits said trading limits for the forint may end ``in the year ahead,'' allowing the nation's currency to strengthen more.

The forint now moves between 240.01 and 324.71 per euro. Its strongest ever was 234.39, reached in January 2003. The government and central bank have no official plan to abolish the trading limit, saying inflation can be slowed with the current system.


Read more at Bloomberg Emerging Markets News

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