The National Bank of Hungary warns it may need to hike interest rates to combat inflation risks...

|By:, SA News Editor

The National Bank of Hungary warns it may need to hike interest rates to combat inflation risks from the tumbling forint as the government is forced to pay 6.7% to raise $172.6M in 90 day bills. Hungary's troubles are spreading to its major creditor Austria, whose rate spread to German debt has risen to record levels over past days.