Pleschinger to become central bank rate-setter

Interview

Parliament on Monday approved the appointment of National Economy Ministry State Secretary Gyula Pleschinger to serve on the National Bank of Hungary's rate-setting Monetary Council by a vote of 232:82 with five abstentions. Pleschinger said earlier on Monday that he would resign from his post as the National Economy Ministry's state secretary for tax and financial affairs if he received appointment to the Monetary Policy Council. Incoming National Economy Minister Mihály Varga said that he would appoint a replacement for Pleschinger within days. The National Bank of Hungary can support economic growth with the tools of monetary policy if fiscal policy remains tight, the general government deficit remains under the 3% of GDP threshold and the country's level of state debt continues to fall, Pleschinger told a parliamentary committee on Monday.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.