Hungary
"Whitening effect" changes Hungary's thinking
In a surprise move the National Bank of Hungary cut its benchmark interest rate on 25 June. Rates remain the highest in the European Union, despite the 25 basis point cut which took them to 7.75%. It was the first rate change in Hungary since October…
National Bank of Hungary - Annual Report 2006
"In terms of inflation, 2006 was an unfavourable year," is the ominous opening to the National Bank of Hungary's assessment of 2006.
Kiraly new deputy governor in Hungary
The Governor of the Magyar Nemzeti Bank, Andras Simor, has proposed Julia Kiraly as the central bank's new Deputy Governor.
NBH minutes show one member wanted rate cut
A single rate-setter on Hungary's 13-member Monetary Council voted in favour of a 25-basis-point rate cut at the MPC's 23 April policy meeting, the minutes published Friday 11 may showed. Changes to the Central bank Act will see a reduction in the number…
Hungary to name NBH deputy by 1 July
Hungarian central bank (NBH) governor Andras Simor will name by 1 July who will be the central bank's second deputy governor, local newswire MTI reported on Wednesday 9 May.
Hungary's Simor on the road to the euro
In the speech 'On the road to the euro - good governance and effective partnership' given on 19 April Andras Simor of the Central Bank of Hungary said at the central bank, as in every organisation, a balance needs to be created between corporate and…
Hungary's Simor wants clearer communication
The recently appointed governor of Hungary's central bank (NBH), Andras Simor, told a press conference on Monday 23 April that the NBH's Monetary Council must improve its communication.
Hungary's central bank appoints new spokesperson
Hungary's central bank announced on Wednesday 18 April it has appointed Judit Iglodi-Csato as the bank's spokesperson to replace Gabor Missura. the Portfolio website reported.
Hungary's cb says inflation expectation still risk
There remains a risk that inflationary expectations may stabilize at higher levels than previously forecast by the Hungarian National Bank (MNB), Henrik Authg, vice president of the central bank said on Wednesday 11 April.
Karvalits says Hungary can reach CPI goal
The Hungarian central bank's (NBH) medium-term inflation goal can be reached even at an exchange rate weaker than the current one, Ferenc Karvalits, nominated as deputy governor said on Monday 26 March.
Simor nominates deputy governor in Hungary
Newly installed National Bank of Hungary (MNB) governor, Andras Simor, proposed Ferenc Karvalits as the MNB's deputy governor and member of the Monetary Council on Thursday 8 March.
Romania not rushing on euro entry - report
Romania will resist European Central Bank advice to bring forward its target date for adopting the euro, opting instead for a more cautious path towards the single currency, the Financial Times reported Friday 2 March, citing central bank governor Mugur…
Hungarian cb switch to end clashes with government
According to an article published on Friday 2 March by Jurnalo, when Zsigmond Jarai leaves the National Bank of Hungary for the last time today (Friday) the government may well breathe a sigh of relief.
Deloitte chief nominated to Hungary's central bank
Hungarian prime minister Ferenc Gyurcsany on Friday 16 February nominated Andras Simor, chief of the Hungarian arm of auditing and consulting giant Deloitte, as be new governor of the central bank.
Hungary's PM to discuss central bank nomination
Hungarian Prime Minister Ferenc Gyurcsany has invited leaders from the country's parliamentary parties for a meeting next week to discuss the nomination for central bank governor, the bbj.hu website reported Tuesday 30 January.
Report says Deloitte's Simor set to be join NBH
Andras Simor, CEO of the Hungary branch of Deloitte Touch Tohmatsu, is most likely to be the next governor of the Hungarian central bank (NBH), business daily Napi Gazdasag said on Tuesday 23 January, citing sources close to the government as saying.
Hungary plans central bank independence increase
Hungary's government is proposing an amendment to the country's Central Bank Act to increase the independence of monetary policy makers, a spokesman at the Finance Ministry has said.
Deloitte chief linked to Hungarian cb job
The chief of the Hungarian arm of auditing and consulting group Deloitte, Andras Simor, was tipped on Friday 5 January by daily Nepszabadsag to become the new governor of Hungary's central bank.
Paper on central bank interventions
The December 2006 Working Paper "Central bank interventions, communication and interest rate policy in emerging European economies" analyses the effectiveness of foreign exchange interventions in Croatia, the Czech Republic, Hungary, Romania, Slovakia…
ECB issues warning to euro hopefuls
Some of the new members of the European Union lining up to adopt the euro will likely have to wait until the end of the decade, the European Central Bank said Tuesday 5 December.
Euro entry unpredictable - Hungarian CB chief
The National Bank of Hungary believes it is no longer possible to say when the country will be ready to join the euro.
Hungary's Jarai calls for new euro plan
A new convergence program is needed for Hungary to be ready to join the eurozone in 2011, Hungary's central bank Governor Zsigmond Jarai said on Thursday 16 November.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
NBH to change framework of issuing press releases
The National Bank of Hungary (NBH) announced on Thursday 19 October that it is changing its practice of issuing press releases on the Monetary Council's regular rate-setting meetings.