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.
A business daily thinks the Hungarian National Bank intended to flex its muscles when it decided to cut its main interest rate again earlier this week, although the Forint lost approximately three per cent of its value to the main currencies over the past two weeks. READ MORE
A liberal economist acknowledges that his fears about the impact of lowering the base rate have been proven unfounded. But he accuses National Bank chief György Matolcsy, nonetheless, of irresponsible management. READ MORE
A pro-government commentator says Hungary needs lower interest rates and welcomes the approaching end of András Simor’s era in the National Bank. READ MORE
According to Népszabadság ‘the air is getting thinner’ around the President of the National Bank – meaning that he is running out of breathing room – and he should consider resigning. Magyar Nemzet welcomes what it calls a break with old dogmas. READ MORE