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Rate-setters of the National Bank of Hungary left the base rate unchanged at 0.90% percent and the central bank O/N deposit rate at -0.05% at a regular meeting on Tuesday.
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The government is pushing out deadlines and easing conditions on family support tools to help families during the novel coronavirus epidemic, Katalin Novák, the state secretary for family and youth affairs, told commercial TV2.
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Increasing lending is “the only reasonable move” banks could take amid the coronavirus epidemic, Márton Nagy, deputy governor of the central bank, told an online conference.
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György Matolcsy, the governor of the National Bank of Hungary, has said Hungary should look to Singapore as an example for achieving economic success.
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The National Bank of Hungary will protect the country’s achievements of the past ten years, central bank governor György Matolcsy said in an interview to MTI, insisting that the Hungarian economy was “on the brink of great opportunities”.
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Moodyʼs has decided to change the outlook on the Hungarian banking system to negative from stable, according to a press release sent to the Budapest Business Journal.
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