NBP ready to cut rates to new historical lows
Yesterday the zloty, the koruna as well as the forint strengthen in the morning, but it was only the Hungarian currency which retained its gains. The forint did not frighten even Hungary’s government plans to raise public sector wage next year, when the election will take place. It is worth adding that the European Commission had proposed to the Council in May to release Hungary from the excessive deficit procedure, which brought concerns about fiscal discipline of the current government.
Read the full report: FX Daily
KBC