Hungary’s government has no exchange rate target, National Economy Minister Mihaly Varga said. The optimal forint exchange rate is one that allows the Hungarian economy to grow stably, Mr Varga said. The goal is to put Hungary on a path of steadily growing employment, falling state debt and a fiscal deficit under the 3pc of GDP threshold, he added. Hungary’s government has achieved the two big economic policy goals it set four years earlier: a significant increase in employment and a reduction in state, local council and private sector debt, Mr Varga said.