Video: We Don't Participate In Central Bank's 'Pessimism' Game, Says Hungarian Deputy Governor
- 14 Jul 2020 7:59 AM
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CNBC International TV
More:
CNBC International TV
Meeting the Maastricht criteria for adopting the euro would benefit the whole Hungarian economy, Peter Beno Banai, a deputy governor at the National Bank of Hungary (NBH), said in the central bank's latest podcast.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
Hungarian households' high savings rate and net financial assets, well over the average for the region, are a "growth reserve" for the national economy, if they can be channeled to corporate financing, Barnabas Virag, a deputy governor at the National Bank of Hungary (NBH), said at a conference organised by the Budapest Stock Exchange.
The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting.
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