http://www.bloomberg.com/news/2012-12-18/hungary-cuts-rate-for-fifth-month-after-forint-plunges.html
For the 5th month...Hungary's central bank cut its interest rate...after the forint continued to plunge.
The Cbank dropped its 2-week benchmark rate by 25 bps...to 5.75%...as the forint hit a 5-month low.
The forint has outpaced every currency except Poland's in 2012.
The recent plunge reduced the forint's overall gain to 9.2%.
Hungary's November inflation slowed...to 5.2%....an 11-month low.
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