However, Pleschinger later told the website portfolio.hu that the facility would not be phased out, apparently walking back from his earlier comments. Signs of further mounting price... Several members of the banks board had earlier indicated that Wednesdays move might be coming, as the bank was not ready to tolerate high inflation. Gyula Pleschinger was quoted by Bloomberg on Monday as saying that the central bank may scrap the one-week deposit facility, which he said was a temporary tool to navigate market volatility, a situation that he said Hungary had now passed. "The forint eased substantially yesterday due to heightened uncertainty over the central bank's policy toolkit but the (Polish) zloty has now also followed suit," analysts at Erste Investment said in a note.
A new paragraph in the constitution of Hungary ensures that...
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A new paragraph in the constitution of Hungary ensures that ...
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