Hungary
Hungary cenbank council may become dysfunctional
The supervisory board of the National Bank of Hungary is concerned that the central bank council may become unable to function and make decisions after 20 February 2001, according to the daily Vilaggazdasag.
Hungary's lower reserve rate seen positive
The National Bank of Hungary said it would cut its effective mandatory reserve rate to 7% from 11% as of 1 February. Analysts said that this would improve the competitiveness of the banking sector, boost growth and stimulate investment.
Hungary PM asks Jarai to be central bank chief
In a widely tipped move, Hungary's prime minister, Viktor Orban, has asked minister of finance Zsigmond Jarai to head the National Bank of Hungary from March, when the six-year tenure of the current president Gyorgy Suranyi expires.
New vice presidents suggested for Hungary cenbank
Hungarian daily newspaper Nepszava gave a list of the likely nominees for the post of new vice presidents at the National Bank of Hungary after the tenure of the current President Gyorgy Suranyi expires on March 1.
Removal of Hugary cenbank head now official
The head of the National Bank of Hungary (MNB) will leave his office on March 1 next year, and changes to the Central Bank Act will be worked out in cooperation with the new governor, Prime Minister Viktor Orban said in an interview with the public…
The euro - a stable anchor for Europe: Liebscher
Dr Klaus Liebscher, governor of the Oesterreichische Nationalbank, gives a speech at a conference in Budapest entitled "Hungarian capital markets: On the verge of convergence".