As the National Bank deems that Hungary should approach the European average before joining the Euro-zone, a business analyst believes the new criteria outlines by the issuing bank are two severe. READ MORE
A conservative columnist criticizes the National Bank for hiring former counterespionage officers. A pro-government economist, on the other hand, alleges that its critics want to take revenge on the National Bank for cutting into the profit of financial speculators. READ MORE
Hungarian tax payers have walked away with huge gains thanks to National Bank President György Matolcsy’s
As the Constitutional Court blocks the amended National Bank Act, a left-wing and a conservative analyst accuse the government of large scale corruption. A pro-government columnist, on the other hand, claims that the verdict shows that the rule of law is alive and well in Hungary. READ MORE
A left-wing and a centrist columnist criticize an amendment to the National Bank Act which removes from the realm of public funds the money offered by the National Bank to its own foundations – thereby allowing the Bank to treat that information as private. READ MORE
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 conservative columnist points out that despite pessimistic projections, Hungarian GDP growth is the highest in the EU. A left-wing pundit shoots back that the government could not reduce the public debt. READ MORE
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 business analyst says critics have been too hasty to condemn the National Bank for not resorting to swift “verbal intervention” in response to the heavy losses the Forint has suffered over the past week. A pro-government columnist urges decision makers to consider joining the Eurozone, in order to shield Hungary from currency fluctuations. READ MORE