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Former National Bank President predicts restrictions 

Saturday, January 8th, 2022

György Surányi, who served as President of the National Bank under a socialist-liberal government in the 1990s, sees monetary and fiscal restrictions as necessary. A pro-government economist dismisses the suggestion and accuses Surányi of serving foreign interests. READ MORE

Mortgage interest rates capped

Friday, December 24th, 2021

The leading independent online business news outlet doubts that the government’s decision to freeze mortgage interest rates will help to keep surging inflation at bay. READ MORE

Left-wing concerns about public deficit

Friday, November 19th, 2021

A left-wing columnist questions government statements about the health of public finances – echoing alarm expressed by the President of the National Bank over high government expenditures. READ MORE

National Bank President urges fiscal readjustment

Wednesday, November 17th, 2021

In an opinion piece in the main pro-government daily, National Bank president György Matolcsy warns that a high public deficit and the worsening trade balance make Hungary vulnerable to international financial shocks and demands swift action. READ MORE

Loan repayment moratorium extended again

Monday, September 20th, 2021

Two liberal commentators find the government’s decision to keep the loan repayment moratorium in force beyond the 2022 election controversial and potentially counterproductive. READ MORE

Matolcsy cautions against rushed introduction of Euro

Friday, August 6th, 2021

A left-wing commentator disagrees with the National Bank governor, who does not consider as timely the adoption of the common European currency. A conservative economist remarks that Hungary cannot in any case rapidly introduce the Euro – thanks to the previous Socialist-Liberal governments. READ MORE

Monetary experts warn against high debt

Saturday, March 20th, 2021

Two chief economists of the Hungarian National Bank dismiss the suggestion, broadly held among left-wing US economists, that governments have no reason to worry about high levels of public debt. READ MORE

Prospects of economic recovery

Saturday, February 6th, 2021

A left-wing economist fears that the growing public debt will undermine the economic recovery after the coronavirus crisis. A conservative analyst, on the other hand, points out that Hungarian average wages dropped the least in the EU, while the increase in public debt has also remained lower than the EU average. READ MORE

Public deficit at 9 percent seen as the lesser evil

Saturday, January 30th, 2021

A pro-government commentator concedes that last year’s public deficit was extremely high, but in the midst of the pandemic, the government had no other sensible option than to help businesses keep afloat. READ MORE

Battered Forint sinks 10 per cent this year

Friday, September 25th, 2020

A left-wing commentator thinks the government has contributed to weakening the national currency, while a business analyst sees no hope for a stronger Forint in the foreseeable future. READ MORE