Public deficit forecast to reach 5.2 percent of GDP

A left-wing analyst blames the government for higher-than-expected inflation and public deficit. READ MORE

National Bank president criticizes government

A left-wing columnist calls on the Prime Minister to step down, after the President of the National Bank informed a parliamentary committee that Hungary is on the brink of an economic crisis. A pro-government pundit finds both this suggestion, and Mr Matolcsy’s criticism unfounded. READ MORE

MNB ends 7-year easing cycle

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New Euro-criteria by the National Bank

As the National Bank deems that Hungary should approach the European average before joining the Euro-zone, a business analyst believes the new criteria outlines by the issuing bank are two severe. READ MORE

Dispute over National Bank recruitment 

A conservative columnist criticizes the National Bank for hiring former counterespionage officers. A pro-government economist, on the other hand, alleges that its critics want to take revenge on the National Bank for cutting into the profit of financial speculators.  READ MORE

In praise of Matolcsy’s central bank policies

Hungarian tax payers have walked away with huge gains thanks to National Bank President György Matolcsy’s bold policies, according to an article on a right-wing news site. READ MORE

Constitutional Court strikes down National Bank Act amendments

As the Constitutional Court blocks the amended National Bank Act, a left-wing and a conservative analyst accuse the government of large scale corruption. A pro-government columnist, on the other hand, claims that the verdict shows that the rule of law is alive and well in Hungary. READ MORE

Parliament amends National Bank Act

A left-wing and a centrist columnist criticize an amendment to the National Bank Act which removes from the realm of public funds the money offered by the National Bank to its own foundations – thereby allowing the Bank to treat that information as private. READ MORE

Base interest rate cut to historic low

As the National Bank concludes its easing cycle by cutting the base interest rate to 1.35 per cent, a conservative columnist contends that the MNB has helped economic growth significantly, and, despite leftist fears, the Forint has not been weakened by the rapid sequence of rate cuts.

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On GDP growth and public debt

A conservative columnist points out that despite pessimistic projections, Hungarian GDP growth is the highest in the EU. A left-wing pundit shoots back that the government could not reduce the public debt. READ MORE