(AOF) – The Hungarian forint hit an all-time low in the morning at 370.29 forints per euro. The Hungarian currency is penalized by the new outbreak of the Covid epidemic, which resulted in new contamination records on Friday (around 11,300 cases). The authorities decided this weekend to make the third dose of the vaccine compulsory for health professionals and to impose the wearing of masks indoors.
Investors fear that new, stronger restrictive measures are needed, such as the containment introduced in Austria.
These concerns have eclipsed the monetary tightening of the screw decided last week by the Hungarian Central Bank (MNB). The institution has in fact raised its main key rate by 30 basis points to 2.10%, and its one-week deposit rate from 70 basis points to 2.5%.
The MNB is thus seeking to contain inflation, which should exceed 7% in November over one year.
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