Hungary Maintains Benchmark Interest Rate as Matolcsy Era Concludes
2 months ago
The Hungarian National Bank (MNB) has opted to keep its benchmark interest rate at 13%, marking the end of a significant era led by Governor György Matolcsy. This decision comes amidst a crucial economic landscape, characterized by high inflation and the central bank's ongoing efforts to stabilize the national economy.
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Hungary's Orbán Set to Appoint New Central Bank Chief Amid Economic Challenges
5 months ago
In a significant political move, Hungarian Prime Minister Viktor Orbán is preparing to appoint a new central bank chief in the coming days. This decision comes at a critical time as the country grapples with an economic landscape marked by high inflation and a weakening currency.
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