Barnabás Virág said fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the spending side to restore balance to the...
The National Bank of Hungary’s Monetary Council also raised both sides of the interest rate corridor by 30 basis points to 4.4 percent.
The Council also decided on 30 basis point base rate hikes at policy meetings in June and July, amid spiking inflation.
The central bank base rate was raised by 30 basis points to 0.90 percent at a monthly policy meeting on Tuesday.
György Matolcsy, governor of the National Bank of Hungary (MNB), announced new monetary measures focused on supporting the protection of Hungary’s economy.
The governor said growth rates are consistently 3 percent above the European Union average and Hungary has again taken the lead in the region from Poland.
György Matolcsy has called on members of the European community to start a dialogue on reforming the eurozone.
The Monetary Council of the National Bank of Hungary (NBH) has kept the central bank’s base rate at 0.90 percent and the O/N deposit rate at -0.05 percent at a monthly policy meeting on Tuesday.
The Central Bank has increased its 2019 inflation forecast from 2.9 to 3.1 percent and its GDP growth forecast from 3.5 to 3.8 percent
The old 500 forint bills will be withdrawn from circulation on November 1st, 2019
The National Bank of Hungary’s Monetary Council has announced that it will keep the central bank’s base rate on hold at 0.90 percent at a monthly policy meeting held on Tuesday
Official figures recorded in Budapest show a price increase of 23.5 percent nominally and by 19.2 percent in real terms, above the national average in both cases
The latest third quarter 2018 MNB foreign payments balance indicates that Hungary's foreign financing capacity was 3.4 percent of GDP, while its current account balance had a 1.9 percent surplus