The base rate should have been decreased as early as at the time of András Simor, the new governor of the central bank MNB was appointed, he added. With cheap yen interest around, it is logical to take out yen loans and invest the money into Hungarian government bonds, which offer a high return. Bokros ‘can understand’ Gábor Széles, president of MGyOSz, who said, Videoton Zrt will deposit the money originally planned to be spent on investments in government securities. In the meantime, London analysts seem to arrive at a consensus in projecting that the relaxing period in MNB’s financial policy may commence in May. (Gazdasági Rádió)
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