At the opening of a conference held online under the auspices of the Eurasia Forum on Thursday, National Bank of Hungary Governor György Matolcsy said all central banks must promote and support changes aimed at making the economy “green and digital”.
According to MTI, Matolcsy said the conference, attended by participants from South Korea, China, Singapore, the UK, Norway and Poland focused on ways central banks can support those changes, adding that a mix of Asian and Western models was needed because “there is no single solution”. Societies and economies turning digital, carbon-dioxide-free and more open is “a challenge and an opportunity at the same time”, he said. The opportunities can be harnessed by expanding partnerships “across Eurasia and beyond”, he added. Balanced and sustainable economic growth requires “a new kind of balance” in the public finances, which required the coordination and integration of new technologies, he said, adding that welfare structures also required a stable and sustainable equilibrium.
Photo credit: mnb.hu