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Surányi speaks out against weak forint

Former central bank governor György Surányi said he did not support loose monetary policy and a weak exchange rate, adding that he was especially against solving balance problems by inflating the forint, Világgazdaság reported yesterday. Surányi, who is tipped to succeed outgoing National Bank chief Zsigmond Járai, said a forint permanently weaker than 270 versus the euro would be harmful to the country and was not in line with the economy's interests. The forint hit an all-time low against the euro yesterday, creeping to 276.5 after the central bank raised the benchmark rate by a less-than-expected 25 basis points at its rate setting meeting. (Mon Vg 3)