BUDAPEST, March 3 (Reuters) - Hungary's central bank on
Friday rejected calls by the country's banks to undo a change in
reserve policy, which lenders say will cost them over 100
billion forints ($281.28 million) and could stifle lending.
The National Bank of Hungary, which held all interest rates
unchanged on Tuesday, as expected, but tightened liquidity
conditions further, said all of its measures were needed until
it reaches its goal of restoring price stability.
($1 = 355.52 forints)
(Reporting by Gergely Szakacs and Alan Charlish)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.