Unorthodox monetary policy would not suit Hungary, says paper


Hungary would not benefit from unconventional monetary policy, according to an occasional paper published by the National Bank of Hungary on February 12.

The use of unconventional instruments would "entail financial stability risks" and do little to address the country's sharp reduction in credit supply, the paper says.

The authors, Judit Krekó, Csaba Balogh, Kristóf Lehmann, Róbert Mátrai, György Pulai, Balázs Vonnák, say the poor credit situation could "provide sound justification" for

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