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Hungarian National Bank: Market Manipulation Caused Fall in Forint

Published: February 5, 2014; 19:29 · (Vindobona)

Hungary´s currency is under pressure again. In the last few weeks, the Forint has fallen substantially against the euro.

Hungarian National Bank: Market Manipulation Caused Fall in Forint / Picture: © Flickr

According to the MNB (Hungarian National Bank), the forint slide is due to “false rumors”, which affected the exchange rate negatively. “At the end of January, media cited false rumors that Hungary is unable to repay foreign debt.” Now, the MNB will investigate the rumors. “The objective of the investigation is to found out whether the rumors can be classified as market…

This article includes a total of 241 words.

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