Hungarian central bank cautious: here’s the latest base rate decision
Members of the Monetary Council of the National Bank of Hungary (NBH) voted unanimously to keep the central bank base rate on hold at 6.50% at a monthly policy meeting in March, the minutes from the meeting released on Wednesday show.
The decision, on 25 March, was in line with the policymakers’ “stability-oriented” approach. “Council members agreed that a careful and patient approach to monetary policy remained necessary due to upside risks to inflation as well as trade policy and geopolitical tensions,” the minutes said.
“Members reaffirmed their stance that the uncertain international environment and the outlook for inflation warranted the maintenance of tight monetary conditions,” the minutes show.
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elomagyarorszag.hu
This Governor of the Hungarian Central Bank, the “former” Minister of Finance of the Orban led Fidesz Government, a postion of “Influence” besides being of “inner sanctum” he had, the “ear of ” Orban – which he had for the near on past decade in Hungary, that ended in being through his FAILINGS – his Financial & Economic INCOMPETANCY – BROADSHEET – delivering in “partnership” with Victor Mihaly. Orban – to the SLAUGHTERED economy or overall state as a country we LIVE to-day.
Varga – never, never can be APPEASED for what he DELIVERED on us as a country as our Minister of Finance – being a “Dub”.
Mihaly Varga – the “under the table” out through the back door – bought about by the MOUNTING “unease” just not in the “inner sanctum ” of the Orban “clan” inclusive of the Oligarchy – who DOMINATED or TOLD Varga – what they wanted EXPECTED of him, to ensure -FATTER Pockets for them – from his Minister of Finance Policies.
Varga played a muchly known “gofer” role to the Oligarcy – the “rubbery figure” factual that is Mihaly Varga.
The “move” – call it transfer to the Governors position of the Central Bank of Hungary – the “legacy” of NO creditability Varga left as Minister of Finance of the “ill-fated” Victor Mihaly. Orban led Fidesz Government, the same LEGACY will Varga leave as Governor of the Central Bank of Hungary – in that it will be a cataclysmic DISASTER.
HOW could Mihaly Varga be spoken of as the next in line for the Presidency of Hungary ???
Hungarians be Thankful, in the fast approaching DOWNFALL of the Orban led Fidesz Government of Hungary – this “talk” of the name Varga will get SUNK.
History – we know – its on “Public Record” we are LIVING in Varga’s MESS – but History will NOT be at ALL kind to the name – Mihaly Varga – RIGHTFULLY.