Fidesz MP’s description of govt, central bank cooperation inaccurate, says MNB

History

Remarks by Janos Lazar, parliamentary group leader of governing Fidesz, suggesting that there was a lack of cooperation between the government and the National Bank of Hungary are inaccurate, the central bank said when asked by MTI on Thursday.

Mr Lazar said earlier in an interview with MTI that the MNB should use monetary policy to support the government’s economic growth goals.

The MNB said Mr Lazar knows precisely the method and the scale of the cooperation between the central bank and the government, thus his statement about the lack of cooperation between the two are not an accurate reflection of the reality of the situation.

The MNB said it contributes to economic growth mainly through sustaining the predictability of the economic environment, ensuring price stability and the stability of the financial system by means of monetary policy.

"The honourable fraction leader’s words attacking the central bank’s independence are unacceptable and hurt the country’s interests, especially in the current crisis situation," the MNB added.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.