Matolcsy sues Socialist MP
Central bank governor György Matolcsy has filed a civil lawsuit against opposition Socialist MP György Bárándy for impugning his integrity, the bank said on Tuesday. Matolcsy is demanding 1 million[…]
Tagged: György Matolcsy
NBH to pay budget dividend
The National Bank of Hungary (NBH) is paying a HUF 50 billion dividend from last year’s earnings into the budget, the central bank has said, confirming a comment by governor[…]
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Base rate on hold
The Monetary Council of the National Bank of Hungary kept the central bank’s key rate on hold at 1.35 percent on Tuesday. The decision was widely expected, after the rate-setters[…]
Waiting, worrying continues for brokerage victims
‘Exhausting’ process isn’t finished yet
The payment of compensation for the victims of the Quaestor broker scandal began in mid-July. This does not mean that the complex story is over and done with. Although the[…]
Sunny prospects in Matolcsy’s eyes
Hungary can realistically expect an upgrade of its sovereign rating this year in view of the predictable and stable path it has taken after a stabilisation and monetary policy turnaround[…]
Quo vadis forint?
The strategic directors of Hungarian economic policy will be able to celebrate with another bottle of champagne even after New Year’s Eve: if the trend of the new year continues, the forint will be weaker against all the major currencies like never before. And that is supposed to be good for the economy.
The actors on the financial markets have accepted that all hope is lost for the forint. When you look at the prognosis prepared by analysts, which is usually for the[…]
Fact and fiction
OECD report shows Hungarians suffering amid poor statistics
The global financial crisis of 2007/08 led to a social crisis that can be felt in the quality of life even in the richer countries. Hungary is no exception, despite[…]
Oops, he did it again
The very few people in Hungary who receive their salary in euros said thank-you, the hundreds of thousands who have foreign-currency-denominated loans breathed a something-else-you, when the central bank announced[…]
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