News that Hungary will commence talks with the IMF on a “new type of cooperation” is clearly a positive step following the turmoil seen in local markets over the past couple of weeks. The forint has rallied by 2.5% against the euro since the announcement, while equities are up by nearly 4%. However, big questions remain as to what form this cooperation might take, and whether the IMF will grant assistance on terms that are politically acceptable to the Hungarian government.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services