Ratio of FX state debt set to drop to 27%

MNB

The proportion of Hungary’s state debt denominated in foreign currency could fall to 27% by year’s end, György Barcza, head of the Government Debt Management Agency (ÁKK), said late yesterday on state-owned news channel M1.

 If the trend continues, he added, the ratio could reach the 25% threshold by the end of 2017, a low level it last reached in 2001–2002. The ratio slipped under 30% around May and June of this year.

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