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Hungary Should Start ERM-2 Euro Talks After Budget, Kurali Says
Source: Bloomberg
Currency & FXFiscal Policy & BudgetMonetary PolicyEmerging Markets
Hungary’s central bank Deputy Governor Zoltan Kurali said the country should not delay entering ERM-2, the euro-adoption mechanism, if the government’s fiscal plans due next month are credible. The comments make progress toward euro-area accession conditional on fiscal-policy credibility, with potential implications for Hungary’s forint and sovereign-risk outlook.
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