Opposition to File Complaint Against Central Bank Governor for 'Hurting Forint Exchange Rate'

  • 8 Dec 2022 7:17 AM
  • Hungary Matters
Opposition to File Complaint Against Central Bank Governor for 'Hurting Forint Exchange Rate'
The opposition Socialist Party is filing a complaint to the public prosecutor against the governor of the central bank for “hurting the forint’s exchange rate” with a briefing he gave to a parliamentary committee earlier this week, the party’s co-leader said.

At an online press conference, Imre Komjáthi cited György Matolcsy as telling parliament’s economic committee on Monday that Hungary was in a “near-crisis situation” and that it was among the five most vulnerable countries in the world.

Komjáthi insisted that the governor’s remarks were akin to an “invitation to speculators”. He said Matolcsy’s comments had hurt the forint and exposed the country to danger “in a way we’ve not yet seen from a central bank governor”.

He said his party trusted that the Chief Public Prosecutor Péter Polt would “fulfil his duty laid down in the constitution” and that Matolcsy’s remarks “won’t be left without consequences”.

Komjáthi noted that under the law, the National Bank of Hungary’s primary task was to achieve and maintain price stability.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.