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Matolcsy: MNB to defend against financial system attacks

History

In addition to price stability and financial stability, defending the Hungarian financial system from attacks will be among the main tasks of the National Bank of Hungary next year, central bank governor György Matolcsy told a parliamentary committee today.

Matolcsy told Parliament's economy committee that the central bank's cooperation with the government had been a success and added that the MNB would assist with solving the problem of FX lending and the conversion of FX loans next year. He said the MNB's international reserves were high — and would remain high — allowing it to carry out its legal mandate and meet challenges.

Matolcsy said a third recession in the European Union next year could be an aggravating factor to Hungary.

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