CEE MARKETS-Forint hits record lows, Warsaw stocks rebound after rate cut
March 18, 2020 at 06:17 AM EDT
The Hungarian forint hit a record low versus the euro and most Central European stock indexes extended losses on Wednesday as central banks and governments in the region announced steps to ease the economic damage from the coronavirus. Borders were closed, businesses were ordered to shut down and major factories announced production halts across the region, confirming that the spreading of the virus will deliver a serious blow to Centr