- 23 Jan 2020 7:54 AM
György Matolcsy, the governor of the National Bank of Hungary, suggested the country’s economic development would be better served by an “economic policy centre with a mandate to achieve sustainable convergence” in the government’s institutional structure in an op-ed piece published online by daily Magyar Nemzet.
A left-wing commentator disagrees with the National Bank governor, who does not consider as timely the adoption of the common European currency.
The forint has been crucial to Hungary’s economic turnaround and management of the coronavirus crisis, György Matolcsy, the governor of Hungary’s central bank (NBH), said in an article published in the daily Magyar Nemzet.
Hungary’s sustainable convergence with more developed economies could be inhibited if the government continues to rely on the construction sector to prop up growth once the economy recovers, György Matolcsy wrote in an article published on Monday.