Hungary’s Simor tells critical government to curb debt


András Simor, the governor of the National Bank of Hungary, on Tuesday called for the country's incoming government to tighten fiscal policy to curb high levels of debt.

"The high net external debt, high government debt, the banking system's exception loan-to-deposit ratio and significant foreign currency household loans are the main sources of household vulnerability," Simor said in a speech to a bankers' conference. He added that net foreign debt was decreasing very slowly, and "would be count

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: