- EU questions Hungary over rule of law concerns
European Union ministers grilled Hungary on Monday over Prime Minister Viktor Orban's tightening of restrictions around free media, judges, academics, minorities and rights groups, which the bloc worries weakens democracy in the ex-communist country.
- CEE MARKETS-Hungarian forint sinks to record low, underperforming region
The Hungarian forint
fell 0.2% on Wednesday morning to a record low of 332 to the
euro, underperforming other central European currencies.
At 0834 GMT, the forint traded at 332.1 versus the euro,
extending its losses for the year to more than 3%, the worst in
the region. Traders said the forint had decoupled from other
central European currencies in recent days.
Economists at Erste Investment said foreign players
unwinding stock ma
- CEE MARKETS-Hungarian forint slips after lower-than-expected CPI
The Hungarian forint softened on
Tuesday after a lower than expected inflation reading confirmed
the country's central bank can maintain its loose policy and
left investors to focus on likely monetary easing by the ECB
later this week.
Hungary's headline inflation slowed to an
annual 3.1% in August, below analyst forecasts for 3.2%, after
hitting a seven-year-high of 3.9% in May. Czech consumer prices
rose 2.9% in August, remaining near th
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