Articles by #hashtag

György Matolcsy

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Warning: 2022 Overspending Could Fuel Inflation

Jun 21, 2021

National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation." He wrote in an online column this Monday that "Parliament has approved the 2022 budget and its target for a 5.9-percent-of-GDP deficit. I […]

2021 – How Big of a Recovery?

Jan 1, 2021

“It will be crucial when the protection of the population against infection can be achieved. If this is achieved in the first half of 2021, we expect the fastest economic recovery in Hungary in the last hundred years.” Even if the last half of this statement made earlier this week by the Governor of the […]

Tiszaroff castle hotel | source:

National Bank buys luxury castle hotel

Aug 7, 2014

The National Bank of Hungary (MNB) has purchased a castle hotel in eastern Hungary and it will operate the facility as its own resort in the future, the financial website reports on the basis of news from HVG released on Thursday.

Hungarian central bank deputy governor

Central bank deputy governor resigns in protest

Apr 8, 2013

Deputy Governor of the National Bank of Hungary (MNB), Júlia Király submitted her resignation on Monday. She also resigns as member of the Monetary Council. She wishes to protest against recent changes at the national bank.

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Hungarian base rate lowered to all-time low

Mar 26, 2013

The Monetary Council of Hungary’s central bank (MNB) has decided to lower the base rate by 25 basis points to an all-time low of 5.00% on Tuesday, in line with the market’s call. It was the first rate setting under newly appointed Governor György Matolcsy.

György Matolcsy at the parliamentary hearing | Tamás Kovács / MTI

Matolcsy named new Central Bank governor

Mar 1, 2013

Hungary’s Economics minister György Matolcsy has been nominated by Prime Minister Viktor Orbán as the next Governor of the National Bank of Hungary (NBH). Matolcsy follows András Simor whose six-year mandate expires on March 3.


Who weakens the Hungarian Forint?

Jan 15, 2013

Roubini Global Economics insists that it was not its research note that sparked a sell-off of the Hungarian currency but comments by Hungarian economics minister György Matolcsy that the policy of a strong forint between 2002 and 2010 had been a mistake.

György Matolcsy | Tamás Kovács/MTI

Hungarian government: new austerity package

Oct 17, 2012

Hungarian economics minister György Matolcsy announced a new set of measures to keep the budget deficit on track as the European Union has signalled to them that the first package is not sufficient to fill the hole in the 2013 budget.

Minister György Matolcsy | MTI / László Beliczay

Hungary seeks new IMF deal

Nov 18, 2011

Hungary expects to sign a new agreement with the International Monetary Fund (IMF) and the EU early next year, the country's Economy Ministry said on Friday. Hungary, in a reversal of policy, wants to see the IMF act as an "insurance".

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