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György Matolcsy, the governor of Hungary’s central bank, has suggested in an op-ed that the euro area should have two exchange rates, one for northern member states and another for the bloc’s southern ones.
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Hungary’s annualised consumer price index rose to 5.3% in June, continuing to spike after reaching 5.1% in both April and May, data released by the Central Statistical Office (KSH) show.
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Speaking at a regular press briefing, the prime minister’s chief of staff said the government has been in talks with Brussels on the EU’s post-pandemic recovery fund for months, dismissing reports that said otherwise as “fake news”.
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A conservative economist believes that Hungary’s growth rates confirm the government’ economic policies. Another analyst notes that Hungary is still lagging behind most new EU member states in terms of economic development.
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Economic policy should be focused on supporting investments, creating jobs and recovering capacities lost to the crisis caused by the coronavirus pandemic, Hungary’s finance minister said after a meeting with his Visegrad Group counterparts in Warsaw.
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Wage growth in Hungary increased by an annual 10.1% in April, picking up from 8.7% in the previous month, the Central Statistical Office (KSH) said.
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