Hungarian Economy Minister Says Forint Limits Hobble Inflation Battle

(Bloomberg) -- Hungarian Economy Minister Janos
Koka said the forint's trading limits are hobbling the central
bank's ability to cut the European Union's highest inflation
rate, the first Cabinet member to suggest they may need to be
abolished.

Scrapping the trading band would allow the forint to
strengthen enough to cut import prices and bring down the annual
inflation rate, at 8.5 percent in May. Koka's comments contrast
those of central bank Governor Andras Simor, who says inflation
can be slowed without freeing the forint, and Finance Minister
Janos Veres, who says the Cabinet is not ready to lift the
limits.


Read more at Bloomberg Emerging Markets News

UPDATE 2-Argentina joblessness stays below double-digits

(Reuters) - President Nestor Kirchner had announced first-quarter
unemployment of 9.7 percent in public comments nearly a month
ago.




The Economy Ministry said the measure of Argentines out of
work rises to 11.1 percent in the first quarter if those who
receive government welfare are counted as unemployed.


Read more at Reuters.com Economic News