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KM Financial Solutions | CEE MARKETS-Currencies retreat, forint at new record low
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CEE MARKETS-Currencies retreat, forint at new record low

06 Feb CEE MARKETS-Currencies retreat, forint at new record low

Posted at 10:47h in News by
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Central European currencies
weakened on Friday, with the Czech crown and Romanian leu giving
up some of the previous day’s gains and the Hungarian forint
setting a fresh record low after an unexpected Czech rate hike
shook up the region’s markets.
The Czech crown jumped as much as 0.8% on Thursday
after the Czech National Bank delivered a surprise increase in
interest rates to quell domestic price pressures, raising the
main two-week repo rate by 25 basis points

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