Hungarian Fin Min backs central bank intervention

The National Bank of Hungary's decision to intervene in the markets and buy bonds has been supported by the Finance Minister Csaba Laszlo. The minister shared the central banks view that there was no reason for the significant weakening in the forint exchange rate.

Source: Kossuth Radio

The Finance Ministry supports the decision taken by the National Bank of Hungary to use open market intervention - the purchase of state securities - to restore balance in the state securities' market. This was

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