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
A left-wing commentator lambasts the Fiscal Council of Hungary, which has approved the amendments to next year’s budget, albeit with several reservations. 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
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
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
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
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 pro-government commentator is hopeful that Prime Minsiter Orbán and National Bank President Matolcsy are right to expect a swift rebound for the Hungarian economy and the start of another ‘golden era of growth’. READ MORE
Endorsing the position of the main opposition parties, a left-wing commentator believes the government is harming the national interest by not joining the Eurozone. READ MORE