Magazin: The age of cheap money
After the Central Bank of Hungary (MNB) had cut the base rate again, the forint weakened against the euro and climbed to the zone way above 300.
Interest rates are so low in Hungary that people are investing in various funds and in state securities, and they are buying small flats instead of keeping their savings in the bank. In the international markets the age of cheap money continues: in addition to central banks cutting base rates, the European Central Bank (ECB) continued its monthly EUR 60-billion securities purchasing programme. However, it is worth paying close attention to things as a – rather likely – base rate increase by the Federal Reserve (FED) in the USA can change current trends and may influence both MNB’s interest rate policy and the forint’s exchange rate. The only question is when will the FED take this step?
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >