Hungary makes emergency intervention to defend forint

hungary central bank headquarters

The Central Bank of Hungary made an emergency intervention on October 14 to shore up the forint and stem inflation, as growth slows and European Union aid funds remain frozen.

The central bank upped several interest rates in a bid to fend off short-selling in the FX market. The move comes after the central bank said in September it finished its rate hiking cycle – a total increase of 12 percentage points since June 2021, to the highest base policy rate in the EU. 

The central bank introduced a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.