Hungary needs a stronger forint because the current rate endangers foreign-currency borrowers, said Attila Mesterhazy, the leader of the opposition alliance preparing for the country’s April 6 general election.
India’s central bank left its key interest rate unchanged as consumer-price inflation eased to a two-year low and the rupee strengthened, increasing scope to support growth ahead of national elections starting this month.
Finance Minister Anders Borg said the government will next take steps to force Swedish lenders to cut their reliance on foreign currency funding after it presents its plans for higher capital requirements.
The forint will probably drop to a two-year low after Hungary’s central bank cut interest rates to a record, pushing bond yields to a level that doesn’t compensate investors for currency risk, Goldman Sachs Group Inc. said.
Sweden is preparing major changes for the $173 billion in assets managed by its pension funds and will ease restrictions on private equity and infrastructure investments to boost returns and safeguard income for retirees.