Hungarian governor publishes open letter in spat with audit office

andras-simor

The Hungarian state audit office (SAO) "transgressed its authority" in publishing a study into the effect of monetary policy on Hungarian national debt, according to a strongly-worded open letter from central bank governor András Simor.

The study – seen by some observers as paving the way for a radically different monetary policy strategy after Simor's term as governor ends next month – aims, according to the SAO, to reveal "the underlying reasons for the central budget's obligation to replenish

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