The volatility of the forint has boosted support for introducing the euro among German investors in Hungary to its highest level in 13 years, a survey by the German-Hungarian Chamber of Industry and Commerce showed on Wednesday. Prime Minister Viktor Orban's government has no target date to adopt the euro and his cabinet has ruled out joining the single currency before Hungarian living standards rise closer to average levels of the European Union it joined two decades ago. The National Bank of Hungary, which cut its base rate by 50 basis points to 7.75% on Tuesday, recently warned that Hungary skirted a currency crisis in late-2022, when falls in the forint forced the bank into emergency rate hikes.
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