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Event Brief

Hungary central bank chief backs euro plan cautiously

Mihaly Varga said he would not hinder Hungary’s euro-joining plan but warned preparation must be careful.
WHO: Mihaly Varga, Hungary’s central bank governor
WHAT: Said he would not hinder Hungary’s plan to join the euro and urged careful preparation
WHEN: May 18, 2026 at 7:00 AM ET
WHERE: Hungary
WHY: He was reacting to the government’s plan to join the euro and warned that careful preparation would be needed.

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