Equilor expects slower economic growth

Equilor expects a slowdown in economic growth in Hungary this year, and expects the forint to turn into a weakening path after the beginning of the year and to reach the level of 324 against the euro, with the base rate rising by 20 basis points to 1.1 percent.

Török Lajos, chief analyst told at the company’s press conference on Thursday in Budapest that in the first quarter Brexit and the US-China trade war determined stock market movements. The stock exchange will be affected by the decisions of the European Central Bank (ECB), the Fed and the National Bank of Hungary (MNB). (MTI)