Video: Hungary's Central Bank Chief Calls For New Approaches To Tackle Climate Change
- 23 Jan 2020 7:54 AM
Source:
CGTN Europe
Source:
CGTN Europe
Central bank governor Gyorgy Matolcsy called for a complete turnaround in Hungary's economic policy at the 62nd Itinerant Conference of Economists in Nyiregyhaza (NE Hungary).
Hungary’s prime minister and central bank governor continue to have a close working relationship, the National Bank of Hungary (NBH) said.
According to a report by Hirado.hu, György Matolcsy, the head of the Hungarian National Bank, stated that Hungary has a clear obligation to adopt the euro.
Hungarian central bank rate-setters decided to leave the base rate on hold at 13%, but voted to cut the central bank’s O/N collateralised loan rate by 100 basis points to 19.50% at a monthly policy meeting.
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