(Bloomberg) -- The Hungarian forint is set to log the fourth consecutive week of losses on speculation the central bank may cut interest rates as soon as next week.
The forint is the worst performer versus the euro so far this month, falling 2 percent. Policy makers will probably cut the benchmark rate, the highest in the EU, by a quarter-point at their next meeting on May 21, a Bloomberg News survey shows. The bank has left the key rate at 8 percent since October.
Read more at Bloomberg Currencies News
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