Hungary fines Bloomberg for erroneous central bank report
May 4, 2013, 12:16 am TWN
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.”