TITLE

Floating Forint Sets The Stage For Rate Hikes

PUB. DATE
April 2008
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Apr2008, Vol. 15 Issue 4, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article focuses on the joint decision by the Hungarian government and National Bank of Hungary (NBH) to abandon the forint's 30 percent trading range on February 25, 2008. This is said to be the most significant development in the country's exchange rate policy since the introduction of the trading band in 2001. From a macroeconomic perspective, the adoption of a fully floating currency will end the contradiction in Hungarian monetary policy of both targeting inflation and the exchange rate.
ACCESSION #
31381395

 

Related Articles

  • HUF: Further Appreciation Ahead.  // Emerging Markets Monitor;10/19/2009, Vol. 15 Issue 28, p16 

    The article discusses the appreciation of the Hungarian forint (HUF) against the euro (EUR). It reports that the outlook for the HUF is optimistic in the near-term and further appreciation depends on Hungary's trading partners' economy, consumer price inflation, and the pursuit of an...

  • Hungary: Monetary Policy To Remain Cautious.  // Emerging Markets Monitor;12/3/2007, Vol. 13 Issue 33, p17 

    The article focuses on the monetary policy in Hungary. The benchmark policy rate of the National Bank of Hungary (NBH) remained at 7.50 percent. Food prices and global energy prices affected inflation which made the NBH change its outlook. Forecasted economic growth for the country in 2008 is...

  • MNB monetary policy director: Monetary conditions must support real economy.  // Hungary A.M.;2/14/2014, p3 

    The article reports that the National Bank of Hungary's monetary policy director Dániel Palotai said that in a setting where the economy is performing below potential and inflation is moderate, attaining price stability in the medium term needs monetary conditions that support the real economy.

  • Exchange rate cap scheme participants account for 38% of FX mortgage stock.  // Hungary A.M.;4/15/2014, p3 

    The article reports on the data released by the National Bank of Hungary that about 38 percent of borrowers of the total stock of foreign currency-denominated mortgage loans in Hungary have joined an exchange rate cap scheme that aims to make repayments easier.

  • Hungary: Rate Outlook Clouded.  // Emerging Markets Monitor;11/27/2006, Vol. 12 Issue 32, p19 

    The article discusses the decision of the National Bank of Hungary to keep interest rates on hold at 8% in November 2006. Issues concerning inflationary pressures associated with fiscal austerity package of the country are addressed. It reveals the 2008 average inflation projection of the bank....

  • CURRENT CHALLENGES OF MONETARY POLICY.  // MNB Bulletin;Sep2008, p8 

    The article discusses the Magyar Nemzeti Bank (MNB) and challenges of Hungarian monetary policy, global financial turbulence and the issue of global price increases. It is said that special attention must be given in managing the inflationary effects of a global price impact. It states that MNB...

  • Ágnes Horváth, Csaba Köber and Katalin Szilágyi: MPM -- the Magyar Nemzeti Bank's monetary policy model.  // MNB Bulletin;Jun2011, p18 

    March 2011 marked the introduction of the MNB's Monetary Policy Model (MPM), representing a paradigm shift in both inflation forecasting and monetary policy decision support. In contrast to the previous conditional projections, the MPM offers an endogenous definition for both the policy rate and...

  • Review of the MNB's performance in 2008.  // Annual Report (Magyar Nemzeti Bank);2008, p18 

    The article reports on the 2008 operations of the Magyar Nemzeti Bank (MNB) to maintain price stability, strengthen the financial intermediary system and manage the country's foreign exchange reserves. The Bank introduced a free floating exchange rate system, issued new monetary policy...

  • Monetary Tightening To Protect Currency.  // Emerging Europe Monitor: Central Europe & Baltic States;Dec2008, Vol. 15 Issue 12, p1 

    The article reports that monetary policy in Hungary will be tightened in order to protect the Hungarian forint (HUF). The National Bank of Hungary (NBH) implemented an emergency 300 basis points (bps) rate hike to prevent a banking crisis caused by exposures to foreign currency lending. The...

  • Rates On Hold In Hungary For Now.  // Emerging Markets Monitor;10/20/2003, Vol. 9 Issue 27, p16 

    Reports on the exchange rate of the Hungarian forint as of October 20, 2003. Value of the Hungarian forint against the U.S. dollar and the Euro; Impact of inflation on the Hungarian forint; Information on the monetary policy of the National Bank of Hungary.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics