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Matolcsy complains to The Economist over exclusion of macro data

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National Bank of Hungary (MNB) governor György Matolcsy wrote a letter to The Economist protesting the exclusion of Hungary from a list of macroeconomic indicators the newspaper regularly publishes, the central bank announced today.

Matolcsy reportedly complained in the letter that The Economist has not published selected macroeconomic indicators from Hungary since April 25, while publishing those of countries with similar economies, such as Czech Republic, as well as publishing the Budapest Stock Exchangeʼs main BUX index.

"The omission of the data is detrimental to perceptions of the Hungarian economy. Moreover, its timing gives the impression as though The Economist was keen on presenting those data to its readers to validate the problems of the Hungarian economy, which did indeed exist in the past; meanwhile it would rather hide the data demonstrating the successes achieved in recent years," Matolcsy said in the letter posted on MNBʼs website.

"The deletion of information related to Hungary prevents readers with a general interest in economic developments from making an educated assessment, while it reduces the opportunity of investors with a presence in Hungary or considering future investments in the country to monitor the most important developments in the Hungarian economy in one of the world’s most widely read economic weeklies. Matolcsy urged the paperʼs editor to include, as before, the data on Hungary "to ensure that not a single reader of your paper is left with an unjustified loss of information".

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