A left-wing commentator doubts that Hungarian GDP growth will reach the 4 per cent figure in 2017 forecast by National Bank President Matolcsy. The leading online business site, however, thinks that Matolcsy’s optimistic estimate may be correct. READ MORE
A conservative columnist criticizes the National Bank for hiring former counterespionage officers. A pro-government economist, on the other hand, alleges that its critics want to take revenge on the National Bank for cutting into the profit of financial speculators. READ MORE
Hungarian tax payers have walked away with huge gains thanks to National Bank President György Matolcsy’s
Magyar Nemzet warns that a new bill restricting public scrutiny of state-owned companies could backfire, while Magyar Hírlap rejects such criticism as politically motivated. READ MORE
As the debate over the management of the funds of the National Bank (MNB) rolls on, passionate articles abound both in condemnation and in defence of its President.
A left-wing and a centrist columnist criticize an amendment to the National Bank Act which removes from the realm of public funds the money offered by the National Bank to its own foundations – thereby allowing the Bank to treat that information as private. READ MORE
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.
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
A conservative columnist interprets the latest IMF report on Hungary as recognition of the success of the efforts made by the Hungarian government to overcome the crisis and restart economic growth. READ MORE