BUDAPEST—Hungary’s central bank still has room to continue cutting interest rates, the governor said Wednesday, after the currency weakened to a two-year record against the euro following an unprecedented series of reductions to borrowing costs.
The forint weakened 3.8% against the euro on Wednesday to 310—a level not seen since January 2012.
Hungary last week cut its policy rate to an all-time low of 2.85% from 3.00%, its…
Read more: Hungary Hints at Further Rate Cuts
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