Bank chief slams government economic policy
Friday, March 10th, 2023Is this a war? The number one tabloid asks, referring to a statement by the President of the National Bank in Parliament on Wednesday. READ MORE
Is this a war? The number one tabloid asks, referring to a statement by the President of the National Bank in Parliament on Wednesday. READ MORE
As year-on-year inflation breaks another record, economists wonder if rapidly rising prices have any potential benefit. READ MORE
A pro-government lawyer interprets the results of the National Consultation on EU sanctions as clear endorsement of the government’s policies. A left-wing columnist thinks that the whole national consultation exercise is nothing but a costly propaganda tool. READ MORE
Even as old-age pensions are increased to follow the inflation rate forecast for 2023, a left-wing columnist sees no reason for the elderly to thank the government. READ MORE
A left-wing columnist calls on the Prime Minister to step down, after the President of the National Bank informed a parliamentary committee that Hungary is on the brink of an economic crisis. A pro-government pundit finds both this suggestion, and Mr Matolcsy’s criticism unfounded. READ MORE
An independent analyst and a pro-government blogger express opposing views on the government’s decision to impose price caps on potatoes and eggs – among other basic products. READ MORE
Five opposition-leaning weeklies ponder the possible political consequences of soaring inflation and the government’s conflicts with the western mainstream. But they doubt whether the opposition parties will be able to take advantage of the crisis. The two pro-government weeklies believe that the government is ‘on the right side of history’ in its international conflicts. READ MORE
Left-wing and liberal analysts blame the government and the National Bank for the high price Hungarians are paying to regain the trust of the markets. A pro-government pundit is optimistic that Hungary can avoid recession – despite the global economic crisis. READ MORE
The weeklies were already on the stands when the Prime Minister announced that he had instructed his Finance Minister and asked the President of the National Bank to slash inflation by half next year. Business commentators already express concern over inflation rates that reached 20.1 per cent year on year in September. Online sites have already reacted to the Mr Orbán’s announcement. READ MORE
As year-on-year inflation hits 20,1 per cent in September, and 1 Euro trades at 429 HUF, an independent financial analyst wonders how and if the decline of the Forint can be halted. READ MORE