Hungary’s Central Bank Chief Investigates Predecessor’s Foundations Amid Controversy

In a significant move that has garnered attention both domestically and internationally, Hungary's central bank governor, György Matolcsy, has initiated an investigation into the foundations established by his predecessor, András Simor. This inquiry comes amid allegations of financial irregularities and mismanagement within those organizations, as well as broader concerns regarding the governance of public funds. The scrutiny represents a turning point in Hungary's monetary policy landscape, as the central bank navigates its responsibilities while ensuring transparency and accountability in its operations.

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Hungary Maintains Key Interest Rate Amid Transition in Leadership

In a significant decision following the tenure of central bank Governor Gyorgy Matolcsy, Hungary's central bank is set to hold its key interest rate steady. As the nation navigates economic challenges and prepares for a shift in governance, the Monetary Council's meeting on February 25, 2025, is poised to send a clear message regarding Hungary's monetary policy direction.

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