Hungary's Finance Minister Affirms Commitment to Inflation Targets and Central Bank Autonomy

In a recent statement, Hungary's Finance Minister Mihály Varga underscored the government’s unwavering commitment to achieving its inflation target amid concerns over the rising cost of living. The minister emphasized the importance of maintaining central bank independence as crucial to the nation’s economic stability and growth.

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Orban Appoints Trusted Finance Minister as New Head of Hungary's Central Bank

In a significant move reflecting both loyalty and continuity in governance, Hungarian Prime Minister Viktor Orban has chosen his long-time ally, Finance Minister Mihaly Varga, to lead the nation’s central bank, the Magyar Nemzeti Bank (MNB). This appointment comes amid a challenging economic landscape and signals Orban's intent to maintain a firm grip on Hungary's financial direction.

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