Inflation hits 24.5 percent in December
Saturday, January 21st, 2023As year-on-year inflation breaks another record, economists wonder if rapidly rising prices have any potential benefit. READ MORE
As year-on-year inflation breaks another record, economists wonder if rapidly rising prices have any potential benefit. READ MORE
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
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
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
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
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
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
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
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