Matolcsy: MNB to defend against financial system attacks
In addition to price stability and financial stability, defending the Hungarian financial system from attacks will be among the main tasks of the National Bank of Hungary next year, central bank governor György Matolcsy told a parliamentary committee today.
Matolcsy told Parliament's economy committee that the central bank's cooperation with the government had been a success and added that the MNB would assist with solving the problem of FX lending and the conversion of FX loans next year. He said the MNB's international reserves were high — and would remain high — allowing it to carry out its legal mandate and meet challenges.
Matolcsy said a third recession in the European Union next year could be an aggravating factor to Hungary.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
