Hungarian central banker worries about Fed moves
Hungary's central bankers are worried that any rapid scaling back of easy-money policies by the U.S. Federal Reserve could lead to an abrupt spike in government borrowing costs, weaken the local currency and force an end to their campaign of interest-rate cuts, a bank rate-setter said.
A sudden move by the Fed and other major central banks "would be dangerous and very unfavorable for markets," said Gyula Pleschinger, a member of the National Bank of Hungary's monetary-policy council in an interview with The Wall Street Journal.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
.jpg)
