By Tamas Csonka in Budapest The Hungarian National Bank (MNB) was forced to introduce a number of emergency measures on October 14 to stabilise the financial markets and to halt the decline of the forint, which has broken record lows several times this week. The forint appreciated 3% against major currencies after the announcement, the largest intra-day gain in more than 10 years. The Monetary Council introduced a new 1-day deposit facility with an interest rate of 18%, which will effectively replace the base interest rate of 13% as the main monetary tool. The policy will stay in place until t…