- 23 Jan 2020 7:54 AM
The government’s modified budget deficit targets for the coming years, prompted by the continuously changing global environment and the drawn out recovery of capacities, afford flexibility, Finance Minister Mihály Varga said in an interview with business portal Portfolio.hu published on Monday.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 0.60% at a monthly policy meeting.
Two chief economists of the Hungarian National Bank dismiss the suggestion, broadly held among left-wing US economists, that governments have no reason to worry about high levels of public debt.
This year is a black year in the economic history of Hungary but government policy mistakes also contributed to the recession, MNB governor György Matolcsy declared in an online press conference held after the monetary council meeting on Tuesday.