Bloomberg reports that Hungarian cabinet decided to send back a contested change in central bank's law for further consultations as policymakers seek to defuse feud with monetary policy authorities, that has pressured Hungarian forint recently. The proposed changes to central bank's charter would allow government to more tightly supervise central bank's activity in areas not related to monetary policy. Hungarian National Bank governor Matolcsy said thatthe legislation was an attack on the institution's independence.
Hungarian forint jumped in response to the report, with EURHUF dropping around 0.7% over the past 20 minutes.
Source: xStation5
BREAKING: Eurozone PMI stronger than expected 📈 EURUSD gains
After Iran War: Markets and Prices
Market wrap: Cautious optimism in Europe, inflation higher but below expectations
Daily Summary: Trump, Inflation, Threats, and Persian Gulf Tensions Cast a Shadow Over Wall Street
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
