ADVERTISEMENT

MNB disagrees with govʼt spokesperson

History

jessica fejos

The Hungarian forint depreciated today to a new record low of HUF 330 against the euro, but the National Bank of Hungary (MNB) rejected allegations of speculative processes weakening the forint.

Yesterday government spokesman Zoltán Kovács pointed out that macroeconomic figures and economic output are in order, therefore the government is not responsible for the significant depreciation of the forint. Instead, "speculative processes" may be behind this, Kovács added.

The central bank issued a comment today related to the statement made by Kovács. "The MNB does not share the opinion of government spokesman Zoltán Kovács," the bank said, as cited by national news agency MTI.

"The MNB does not wish to comment on exchange rate changes neither now nor in future," it added. "The primary goal of the National Bank of Hungary is achieving and maintaining price stability, in line with its legal mandate," MNB said.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.