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Hungary central bank to provide FX from reserves to cover energy imports

BY Reuters | ECONOMIC | 03/10/26 09:15 AM EDT

BUDAPEST, March 10 (Reuters) - Hungary's central bank will provide foreign currency liquidity from its international reserves worth some 60 billion euros ($69.85 billion) in the next months to cover higher foreign currency demand for energy imports, it said in a statement on Tuesday.

The bank said the targeted measure was needed to ensure the balance supply and demand in the foreign exchange market. It said currency market stability was key to anchoring inflation expectations, affirming its cautious monetary policy stance. ($1 = 0.8590 euros) (Reporting by Gergely Szakacs and Alan Charlish)

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