ADVERTISEMENT

No need for unconventional central bank measures in Hungary

History

There is no need at present for the introduction in Hungary of unconventional central bank measures, National Bank of Hungary governor András Simor said in an interview with commercial radio station Gazdasagi Radio late Thursday. Simor, who will head the NBH for just one more month, explained that such measures would be necessary if markets locked up and there was no demand for government securities, or if banks could not attract deposits because of low rates. He noted that the NBH had stepped in after a partial freeze on the government securities market in 2008, but added that such conditions do not exist at present. Media reports suggest some market players are concerned the Hungarian government's unconventional economic policies could spill over to the NBH when the central bank gets a new governor and deputy-governor in March.

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.