Hungarian Finance Minister Mihály Varga has reiterated that the Magyar Nemzeti Bank’s primary mandate remains price stability and a predictable exchange rate.
In remarks reported by VilágGazdaság, Varga emphasized that maintaining positive real interest rates continues to be a central pillar of the country’s monetary strategy.
The comments arrive as the Hungarian forint faces renewed selling pressure.
Earlier in the week, the currency had strengthened, with the euro dipping below 350 forints, buoyed by a broader market rally driven by Middle East peace hopes and falling oil prices.
That momentum has since given way to caution as global investors shift focus to critical US economic data, leaving the forint vulnerable to reversal.
Varga’s insistence on positive real rates underscores the government’s commitment to anchoring inflation expectations, even as external headwinds mount.