Banking / Investment in Hungary
-
HUNGARY, 2012/12/22
A leadership change at Hungary's central bank next March will help trigger a turnaround in the economy as the bank will become the major strategic partner of the government, Economy Minister Gyorgy Matolcsy said on Thursday.
Since populist Prime Minister Viktor Orban came to power in 2010 his government has been at loggerheads with the central bank over how to support the debt-laden economy.
-
HUNGARY, 2012/10/31
Hungary's central bank on Tuesday lowered its policy interest rate for the third time in a row to support economic increase. The decision was in line with economists' expectations.he Monetary Council of the Magyar Nemzeti Bank lowered its-week MNB bill rate by 25 basis points to 6.25 %, following a similar reduction at the previous rate-setting session.
In August as well the bank lowered the rate unexpectedly by a quarter %, after holding it steady for successive months as the country's bailout negotiations with the International Monetary Fund and the European Union stalled, and inflationary pressures remained high.
