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Left-wing and liberal analysts blame the government and the National Bank for the high price Hungarians are paying to regain the trust of the markets. A pro-government pundit is optimistic that Hungary can avoid recession – despite the global economic crisis.
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A left-wing commentator questions the government’ decision to impose interest rate caps on business loans.
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Hungarian banks have warned of a fall-off in retail and corporate lending owing to extra burdens imposed on them by the government.
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All 65 state-owned capital funds are to be united under one fund, controlled by Economic Development Minister Márton Nagy, from January 1, 2023, state secretary Máté Lóga told journalists in the ministry.
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The forint continued to firm on Monday as policy measures announced by the National Bank of Hungary (NBH) on Friday impacted the market.
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The International Monetary Fund (IMF) has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region, according to the finance ministry.
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