The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.
The National Debt Management Center has released key financial data on the 1 billion euro loan taken out in 2024 from three Chinese banks, which was repaid in April 2024. The interest rate was 3.916 percent, and the principal and interest payments were due in April 2027. The loan was intended to support the government’s spending on high-tech, infrastructure, and energy projects.
Finding the most favorable structure largely depends on your proven income, the loan amount, the value of the property used as collateral, and the bank’s terms.
In July, the Budapest Stock Exchange’s benchmark index, the BUX, rose by almost 5 percent, closing at 146,688 points. The immediate stock market turnover amounted to 491.6 billion forints, with the trading dominated by shares of OTP, MOL, and Richter, while the ranking of investment service providers was again led by WOOD & Company, according to the Budapest Stock Exchange’s statement.
It is important to emphasize that existing, previously disbursed loans are not affected by the change; the interest rate and installment payment specified in the contract will remain the same.
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