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April 30, 2017

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Hungary fines Bloomberg for erroneous central bank report

BUDAPEST -- Hungary's financial market regulator has fined Bloomberg 10 million forints (US$44,000) for publishing an erroneous headline ahead of the central bank's interest rate decision last week, market watchdog PSZAF said on Thursday.

PSZAF, in a statement, said Bloomberg had violated a ban on market manipulation.

"Although the news was published due to a technical error, the regulator believes that the news agency failed to apply control mechanisms to prevent false news being published," the statement said.

A London-based member of Bloomberg's communications team, Catrin Thomas, said in an emailed response to questions: "At the moment we're not commenting."

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