• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Jobbik slams Orbán cabinet, central bank for ‘inaction’ over weak forintJobbik slams Orbán cabinet, central bank for ‘inaction’ over weak forintJobbik slams Orbán cabinet, central bank for ‘inaction’ over weak forintJobbik slams Orbán cabinet, central bank for ‘inaction’ over weak forint
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • NATO will kick out Hungary for sacking ‘NATO friend officers’ from the Hungarian military?

Support us
Daily News Daily News · 04/07/2018
· Business

Jobbik slams Orbán cabinet, central bank for ‘inaction’ over weak forint

economy forint Jobbik National Bank of Hungary

"The brutal level of the #Hungarian #economy's external vulnerability poses further risks" - #Jobbik #hungary #forint #huf

Jobbik on Tuesday slammed the government and the central bank for “failing to act” over the recent weakening of the forint to historic lows, saying that a weak currency would “hurt the interests of all Hungarians” in the long run.

The National Bank of Hungary is “at least as much to blame for the not too positive state” of the Hungarian economy as the government, Jobbik deputy leader Dániel Z Kárpát told a news conference, arguing that the government was trying to shift responsibility for the economy to the NBH.

He said markets had priced in the weakening of the Hungarian currency given the lack of action by the government or the central bank.

“The brutal level of the Hungarian economy’s external vulnerability poses further risks,” Z Kárpát said.

He said government spokesman Zoltan Kovács’s recent suggestion that the weakening of the forint could be the result of speculation had given the impression of a “timid and weak” government that was incapable of intervening in the situation.

Z Kárpát also said his party did not understand why the NBH was reluctant to step in to stem the forint’s decline either through communication, by fine-tuning the interest rate corridor or by raising interest rates. He underlined, at the same time, that

Jobbik would not support a rate hike under all circumstances, given that it would be against the interests of troubled loan holders.

The politician also touched on his party’s amendment proposal that would oblige the NBH to pay its profits into the state budget so that it could be spent on resolving the situation of troubled forex loan holders.

Ruling Fidesz said in reaction that Jobbik and the Socialist Party had voted against converting FX loans into Hungarian currency. “If it had been up to Jobbik and other opposition parties”, one million families would still be vulnerable to currency speculations, from which government measures shield them, the statement said.

Photo: MTI

Source: MTI

economy forint Jobbik National Bank of Hungary
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? – 4 February, 2023
  • ASTONISHING VIDEO of the renewed castle of the ‘Greatest Hungarian’, Count Széchenyi
  • VIDEO, PHOTOS: Brutal windstorm in Hungary, buildings collapsed, trees uprooted, traffic disastrous
  • Debrecen’s new battery plant will have brutal high water consumption?
  • MEP Gyöngyösi: The EU must support Ukraine in guaranteeing minority rights
  • Want to learn Hungarian? Here are the best apps!
  • What will the Russians say? Hungarian military to start drills in Tallinn next week
  • This is why Hungary attracts German pensioners

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V