Research (Česká spořitelna)
Currencies  |  March 13, 2013 09:31:28

Decrease the forint yesterday withdrew themselves and CZK

Ma economically forint continued to fall yesterday and withdrew themselves and crown. Forint got up to 306 to the euro, then corrected to 304 and in the evening he got a slightly above 306th Krone weakened to 25.67 in the evening and corrected to 25.60. The cause of the weakening of the forint, the combination of low inflation (2.8% yoy, compared with the expected 3.1%), which has encouraged expectations of a further fall in interest rates, approval of constitutional law restricting the de facto independence of the judiciary and the morning of the Prime Minister Orban's speech in which, among other things established a goal to increase the proportion of Hungarian ownership in local banks at least 50%.Forint exchange rate probably will remain under pressure because we can not expect that there would be a sudden high-end non-standard actions.
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Pokles forintu včera stáhl sebou i CZK

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