51 result(s) for ecb
Hungary PM Orbán Sees Single Deficit Cut Deadline For EU Members, Distances From IMF
- 27 Jul 2010 2:00 AM
- current affairs
"Hungary’s "freeing itself from the IMF" is one step forward towards the nation’s self-determination, said Prime Minister Viktor Orbán. When the country’s stand-by arrangement with the Fund expires in October, Hungary will have no business with the lender, he added. Orbán stressed that the salary of the central bank’s chief is a sovereign issue and neither the EU, nor the IMF has a say in it.
Hungary Csányi Wishes IMF Showed Bigger Flexibility On 2011 Deficit Goal
- 21 Jul 2010 3:00 AM
- current affairs
"Sándor Csányi, Chairman-CEO of Hungary’s largest bank by assets, OTP, said the markets overreacted the early departure of the IMF/EU teams reviewing Hungary’s fiscal stance. He also urged the international lenders to show larger flexibility on next year’s deficit target, which was one of the issues Hungary was unable to agree on with the IMF/EU missions.
Hungarian Cabinet Rejects ECB Warning Over MNB Pay Cuts
- 15 Jul 2010 2:00 AM
- business
"The cabinet decided yesterday to proceed with plans to reduce the salary of National Bank (MNB) governor András Simor, along with those of other public officials, despite a warning from the European Central Bank (ECB) that such a move would jeopardise the MNB’s independence.
ECB Warns Hungarian Gov’t Against Cutting MNB Salaries
- 14 Jul 2010 2:00 AM
- business
"The European Central Bank (ECB) has told the Hungarian government that draft legislation on the salaries of senior National Bank (MNB) officials “should be amended to comply with the principle of central bank independence” and that the MNB should be involved in the drafting process.
ECB Tells Hungarian Gov't To Keep Hands Off Central Bank Salaries
- 13 Jul 2010 1:00 AM
- current affairs
"The European Central Bank (ECB) does not give its consent to a plan by the Hungarian government to cap the monthly salary of the Hungarian central bank’s (NBH) management at two million forints, an ECB opinion published on the bank’s website shows.
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary PM Orbán Sees Single Deficit Cut Deadline For EU Members, Distances From IMF
- 27 Jul 2010 2:00 AM
- current affairs
"Hungary’s "freeing itself from the IMF" is one step forward towards the nation’s self-determination, said Prime Minister Viktor Orbán. When the country’s stand-by arrangement with the Fund expires in October, Hungary will have no business with the lender, he added. Orbán stressed that the salary of the central bank’s chief is a sovereign issue and neither the EU, nor the IMF has a say in it.
Hungary Csányi Wishes IMF Showed Bigger Flexibility On 2011 Deficit Goal
- 21 Jul 2010 3:00 AM
- current affairs
"Sándor Csányi, Chairman-CEO of Hungary’s largest bank by assets, OTP, said the markets overreacted the early departure of the IMF/EU teams reviewing Hungary’s fiscal stance. He also urged the international lenders to show larger flexibility on next year’s deficit target, which was one of the issues Hungary was unable to agree on with the IMF/EU missions.
Hungarian Cabinet Rejects ECB Warning Over MNB Pay Cuts
- 15 Jul 2010 2:00 AM
- business
"The cabinet decided yesterday to proceed with plans to reduce the salary of National Bank (MNB) governor András Simor, along with those of other public officials, despite a warning from the European Central Bank (ECB) that such a move would jeopardise the MNB’s independence.
ECB Warns Hungarian Gov’t Against Cutting MNB Salaries
- 14 Jul 2010 2:00 AM
- business
"The European Central Bank (ECB) has told the Hungarian government that draft legislation on the salaries of senior National Bank (MNB) officials “should be amended to comply with the principle of central bank independence” and that the MNB should be involved in the drafting process.
ECB Tells Hungarian Gov't To Keep Hands Off Central Bank Salaries
- 13 Jul 2010 1:00 AM
- current affairs
"The European Central Bank (ECB) does not give its consent to a plan by the Hungarian government to cap the monthly salary of the Hungarian central bank’s (NBH) management at two million forints, an ECB opinion published on the bank’s website shows.
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.