Hungary targets euro adoption by around 2030, PM says

Hungary’s prime minister said the country is targeting euro adoption by around 2030, but acknowledged it currently meets none of the EU’s convergence criteria. The announcement is more of a long-term policy signal than an immediate market event, yet it underscores Hungary’s commitment to tighter fiscal and macroeconomic discipline. The Hungarian forint has recently strengthened and government bond yields have fallen, which the prime minister cited as signs of improving investor confidence. For FX markets, the message is mildly supportive for the forint over the medium term, as euro adoption would imply lower policy and currency risk if Hungary makes credible progress. In the near term, however, the lack of current compliance and the multi-year timeline limit any direct impact on EUR/HUF, with markets likely to focus instead on inflation, deficits, debt and rate differentials.