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Simor: future rate cuts depend on investors

Rate cuts in the future will depend on expected changes to investor appetite for risk, National Bank of Hungary governor András Simor said at an event organized by the central bank on Friday.

Monetary policy decisions made in harmony with inflation targets can ensure in the long-term that the historically low inflation Hungary has now achieved lasts, Simor said.

Investments by domestic companies should be financed first of all from domestic savings, he said.

Hungary can only follow an economic policy in the future that is more disciplined and has a far smaller current-account deficit than earlier economic policies, he said. (MTI-ECONEWS)