CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Fitch says expects Hungary to adopt euro in 2032 at the earliest

By Reuters News

Oct 27 (Reuters) - Fitch Ratings said in a note:

  • EXPECTS HUNGARY TO BE ABLE TO ADOPT EURO IN 2032, AT THE EARLIEST

  • FITCH RATINGS SEES HUNGARY ENTERING ERM-2 IN 2029

  • THIS EURO TIMELINE FOR HUNGARY IS CONDITIONAL ON SIGNIFICANT FISCAL CONSOLIDATION AND COMPLETION OF LEGAL AND INSTITUTIONAL PREPARATIONS

  • MEETING REMAINING CONVERGENCE CRITERIA - INFLATION, INTEREST AND EXCHANGE-RATE STABILITY - SHOULD BE LESS CHALLENGING

  • FITCH SAYS ADOPTING THE EURO WOULD BE POSITIVE FOR HUNGARY’S RATINGS BY REDUCING EXCHANGE-RATE RISK, STRENGTHENING EXTERNAL AND FISCAL FINANCING FLEXIBILITY, LOWER BORROWING COSTS

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk