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In the morning, the forint fluctuated around the 354 level against the euro, and in the afternoon, shortly after the new article by MNB Governor György Matolcsy was published today, the forint began to weaken. Since then, other currencies in the region have weakened slightly.
Was that the stock market crisis? Take advantage of the market movement, find our partners! Start
In his writing, Matolcsy argued that the deficit and public debt could be temporarily waived until 2022, but that the fiscal position should be adjusted again after that.
The brief could send a message to market participants that to finance a persistently higher general government deficit
What is this article about?
- The forint started to strengthen last Friday, as technical analysis suggests, and there was a spectacular turnaround on Monday.
- This move started after the publication of another article by Governor György Matolcsy, in which he argued that the budget deficit could be forgiven by 2022, which is a significant departure from the growth strategy with a strict budget so far.
- In addition to the market interpretation of the message, we will also briefly see what exchange rate levels we should pay attention to now in EURHUF.
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