BUDAPEST—A Hungarian central-bank official said the country’s monetary authorities won’t try to defend the forint for now, despite the currency remaining under pressure amid an emerging-market selloff that has prompted rate increases in Turkey and South Africa.
“The world is crazy now, there is no way to tell in which direction things are going,” Ferenc Gerhardt, a deputy central-bank governor, said in an interview….
View original post here: Hungary Holds Fire Despite Forint Slide
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