BUDAPEST, April 18 (Reuters) - Hungary's forint weakened more than one percent on Thursday after central bank Governor Gyorgy Matolcsy said the bank would change its system of two-week bills and flagged a merger of the financial market authority into the bank.
The forint briefly spiked to 298.40 against the euro after opening at 294.75, according to Reuters data. At 0838 GMT it traded at 297.50.
Matolcsy, a close ally and former Economy Minister of pro-growth Prime Minister Viktor Orban, said only those banks would be allowed to place money at the central bank who participate in the Hungarian domestic lending market.
(Reporting by Marton Dunai) Keywords: HUNGARY CENTRALBANK/FORINT
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