KM Financial Solutions | CEE MARKETS-Forint underperforms on surprise increase in inflation

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CEE MARKETS-Forint underperforms on surprise increase in inflation

07 Nov CEE MARKETS-Forint underperforms on surprise increase in inflation

Posted at 10:51h in News by KMFSLLP 0 Comments

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Hungary’s forint eased on Friday
versus the euro and underperformed its Central European peers as
October inflation came in above expectations while the Hungarian
central bank has been sticking to its ultra-loose monetary
policy.
Headline inflation picked up to 2.9% in October, while the
central bank’s key tax-adjusted inflation number also rose to
3.7% in October from 3.4% in September, data showed.

“Today’s data also signals … t