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Low inflation leaves the forint untouched – KBC

FXStreet (Barcelona) - Analysts at KBC note that the volatility in forint was less in spite of a 0.4% y/y drop in consumer prices.

Key Quotes

“Hungarian consumer prices dropped 0.4 % y/y, slightly less than markets had expected. However, since the fall was mainly due to price cuts in the regulated energy sector and cheaper food, the response of the forint was insignificant. The currency stuck to its previous levels and preserved its gains of Monday, triggered by announcement of the conversion of FX denominated loans to be made at market prices”

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