November 19, 2024

Hungary Keeps Key Interest Rate Steady to Support Forint After Decline

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Hungary held its key interest rate for a second month to support the forint after Donald Trump’s victory in the US presidential election triggered one of the steepest currency declines in emerging markets.

The National Bank of Hungary kept the benchmark at 6.5% on Tuesday, matching the forecast of all 21 economists in a Bloomberg survey. That left it tied with Romania for the highest key rate in the European Union.

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