Entries RSS Feed Share Send to Facebook Tweet This Accessible version

National Bank raises base rate

Thursday, June 24th, 2021

Commenting on the rate hike announced by the National Bank on Tuesday, a left-wing columnist interprets National Bank President Matolcsy’s criticism of overspending as a declaration of war on the government. READ MORE

National Bank hints at rate hike

Saturday, May 29th, 2021

As the Hungarian National Bank announces plans to raise the base rate to keep inflation at bay, a left-wing analyst fears that families will be in trouble if they need to pay higher interest on mortgages. READ MORE

Government announces pension rise

Saturday, May 1st, 2021

In order to compensate pensioners for higher-than-expected inflation, the government has announced pension hikes retroactive from January. READ MORE

Forint expected to weaken further

Friday, October 16th, 2020

A senior financial analyst predicts that the Forint decline against the Euro will continue as a result of low interest rates. He suggests that both low rates and a weaker Forint are beneficial for Hungarian businesses. READ MORE

Budapest’s tourist industry in crisis

Saturday, September 26th, 2020

The official overseeing tourism and festivals in the capital warns that many hotels and restaurants will be unable to withstand another six months without tourists in Budapest. 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

Forint depicted as more resilient than the Euro

Thursday, August 6th, 2020

A pro-government pundit regards the Forint as the cornerstone of Hungary’s political and economic independence, and predicts that the Hungarian currency will outlast the Euro. READ MORE

National Bank cuts base rate

Friday, June 26th, 2020

A pro-government analyst welcomes the National Bank’s decision to cut the base interest rate to 0.75 per cent in order to boost growth. A left-wing commentator fears that the Forint will sink further and Hungarian families will save less. READ MORE

A new strategy at the Hungarian National Bank?

Friday, June 12th, 2020

An independent analyst suspects that the National Bank has abandoned its policy of keeping interest rates down at any price, in an effort to stabilize the exchange rate of the Forint. READ MORE

Soros accused of speculating against the Forint

Monday, April 13th, 2020

The pro-government media suspects that the extreme volatility the Hungarian currency has shown over the past few days is due to speculative sales. They all believe that American-Hungarian financier George Soros may be the one pulling the strings. A liberal weekly ridicules that assumption. READ MORE