Hungary's band shift was mistake says Gabor Oblath

Gabor Oblath, a nominee for membership on the Monetary Council of the central bank of Hungary, told a parliamentary hearing that the recent devaluation of the midpoint of the forint's trading band was a "grave mistake".

Source: Interfax

The devaluation of the midpoint of the forint's trading band on June 4 was a "grave mistake," said Gabor Oblath, a nominee for membership on the Monetary Council of central bank MNB, at a parliamentary hearing on Monday, Napi Online reported.

The recent developm