Tag: central_bank

The Hungarian government is still gambling, it is holding up the start of formal talks on a credit facility with the IMF/EU on a single minor issue, hoping that it can avoid a deal or at least loosen conditions... 

Ferenc Karvalits, Deputy Governor of Hungary’s central bank (NBH) said the government’s aid talks with the IMF is an important factor for monetary policy, but by far not the only one. He said... 

The International Monetary Fund (IMF) has no mission planned to start negotiations on a financial assistance programme for Hungary yet, as the Fund awaits “adequate steps" to be taken by the cabinet... 

We are members of the European Union, Mr. Barroso is the President of the European Commission and not our boss, said Hungarian Prime Minister Viktor Orbán on Friday. In his usual weekly interview with... 

Tamás Fellegi, Hungary’s chief negotiator in the aid talks with the IMF and the EU, has held a press conference today addressing the European Commission’s today decision to give the go-ahead... 

Hungary's government can start talks on an international financing backstop once it implements legal changes agreed with the European Commission to its central bank law, a top Economy Ministry official... 

The European Commission will not refer the dispute with the Hungarian government over the central bank law to the European Court of Justice, said EU Economic and Monetary Affairs Commissioner Olli Rehn... 

The National Bank of Hungary (NBH or MNB in Hungarian) has on Tuesday announced euro sale operations to convert non-performing foreign currency loans into forint for credit institutions, as required by... 

The obstacles that have prevented Hungary from starting talks with the IMF on a financial assistance programme have been brought down; we are close to a breakthrough, said Prime Minister Viktor Orbán in... 

The European Commission will put on its Wednesday agenda the infringement proceedings launched against Hungary, BruxInfo learned from “reliable sources" on Tuesday. EU Commissioners will decide... 

Hungary’s central bank will leave its key policy rate unchanged at 7.00% on Tuesday, according to analysts’ consensus estimate in a Portfolio.hu poll. They say the Monetary Council has no reason... 

Hungary did take into consideration the European Central Bank’s (ECB) recommendations before submitting its amendment proposals to the Central Bank Act, said Mihály Varga, the Prime Minister’s... 

Amendments of Hungary’s central bank bill submitted to Parliament on Tuesday may risk the freeze in loan aid negotiations, Citi said in a research note on Thursday. Last week the European Central... 

Hungary’s Economy Minister György Matolcsy has submitted the latest amendment proposals to the Central Bank Act and the first modification of the basic law to Parliament. The bill fails to take into... 

The Hungarian government is showing willingness to sort out the disputed issues over the central bank law, which increases chances of bringing closer the views of Budapest and international organisations... 

Five-party talks will commence on Hungary’s Central Bank Act in Frankfurt on Monday between the European Central Bank (ECB), the Hungarian cabinet, the Hungarian central bank (NBH), the International... 

The European Central Bank (ECB) has on Thursday disclosed its opinion on the latest amendments to Hungary’s Central Bank Act. Economy Minister György Matolcsy’s sent a letter to ECB President... 

The Hungarian government does not wish to expand the central bank’s (NBH) Monetary Council and appoint a third Deputy Governor while the current Governor, András Simor, leads the Bank, the cabinet... 

Hungary’s central bank (NBH) sees no room to lower its key policy rate, the highest in the European Union, until risk perceptions improve, NBH Deputy Governor, Ferenc Karvalits, told Dow Jones in... 

(Adds details, charts) Hungary’s net external financing capacity (i.e. the combined surplus on its current and capital accounts) amounted to EUR 835 million (HUF 254 billion) in the fourth quarter...