Forint Hits 11-Month High as Inflation Supports Tight Rates
Headline inflation was an annual 4.3% in July, slower pace than 4.6% in June but still exceeding the upper end of the central bank’s tolerance band, according to data published by the statistics office on Friday. The reading was also above the 4.1% median estimate in a Bloomberg survey of economists. Prices rose 0.4% on the month.
