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Base interest rate cut to historic low

Friday, July 24th, 2015

As the National Bank concludes its easing cycle by cutting the base interest rate to 1.35 per cent, a conservative columnist contends that the MNB has helped economic growth significantly, and, despite leftist fears, the Forint has not been weakened by the rapid sequence of rate cuts.

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Forint to be a loser or winner of the Greek crisis?

Tuesday, June 30th, 2015

A pro-Greek economist believes Hungary’s debt burden is incomparably lighter than Greece’s, but it is unclear at the moment to what extent the markets will appreciate that difference. READ MORE

Swiss Franc soars

Saturday, January 17th, 2015

In a comment on the shock caused by the decision of the Swiss National Bank to lift the currency cap which pegged the Swiss Franc to the Euro, commentators on both Left and Right praise the government’s earlier decision to convert FX mortgages into Forint loans. READ MORE

Euro and Forint weaken

Wednesday, January 7th, 2015

As the Euro weakens against the US Dollar and the Forint nears its historical low against the Euro, a left-wing analysts calls on the government to change policy course. A conservative columnist blames the weakening of both currencies on external geopolitical and economic factors. READ MORE

FX loan settlement scheme announced

Wednesday, November 12th, 2014

Commentators welcome the government’s decision to convert FX mortgages into Forint loans at market rates. READ MORE

Base rate cut to a record low

Thursday, July 24th, 2014

As the Monetary Council lowers the base rate to a historic low and announces the end of the easing cycle, columnists on both left and right acknowledge that Central Banker Governor Matolcsy’s bold and often criticized steps have proven valid. READ MORE

National Bank defiant

Friday, February 21st, 2014

A business daily thinks the Hungarian National Bank intended to flex its muscles  when it decided to cut its main interest rate again earlier this week, although the Forint lost approximately three per cent of its value to the main currencies over the past two weeks. READ MORE

Forint under pressure

Monday, February 3rd, 2014

A business analyst says critics have been too hasty to condemn the National Bank for not resorting to swift “verbal intervention” in response to the heavy losses the Forint has suffered over the past week. A pro-government columnist urges decision makers to consider joining the Eurozone, in order to shield Hungary from currency fluctuations. READ MORE

Forint plunges but Bank chief’s lips are sealed

Saturday, February 1st, 2014

A pro-government commentator says cutting interest rates was good policy until now, but National Bank leaders should heed the clear signs that the markets want a rise. READ MORE

Forint hits ten months record low

Saturday, January 25th, 2014

A business weekly thinks that aside from the latest interest rate cut by the Hungarian National Bank, the Forint has lost ground over the past weeks because investors have grown increasingly cautious about emerging markets. READ MORE