Surányi speaks out against weak forint

Conferences

Former central bank governor György Surányi said he did not support loose monetary policy and a weak exchange rate, adding that he was especially against solving balance problems by inflating the forint, Világgazdaság reported yesterday. Surányi, who is tipped to succeed outgoing National Bank chief Zsigmond Járai, said a forint permanently weaker than 270 versus the euro would be harmful to the country and was not in line with the economy's interests. The forint hit an all-time low against the euro yesterday, creeping to 276.5 after the central bank raised the benchmark rate by a less-than-expected 25 basis points at its rate setting meeting. (Mon Vg 3)

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.

Support the BBJ

Events