Andras Simor

Andras Simor News

  • Matolcsy to Unveil Hungary Central Bank Plan on Lending

    Hungarian central bank President Gyorgy Matolcsy will present a plan to boost lending as he seeks to prove monetary policy can help end the country’s second recession in four years.

  • Hungary’s Bond Yields Rise at Sale on Central Bank, Debt Crisis

    Hungary’s borrowing costs rose at a bond auction on speculation the central bank and the government may use unconventional methods to boost the economy amid a deepening European debt crisis. The forint weakened.

  • Simor Rejects Report Against Hungary MNB Data-Handling

    Hungarian central bank president Andras Simor rejects Audit Office report findings that the Magyar Nemzeti Bank broke the law by supplying breakdown of commercial-bank data to IMF as part of 2008 bailout request. Simor speaks at parliamentary committee hearing today. * MNB sending commercial-bank data to IMF was legal and was aimed at making sure that bailout funds don’t leave country via foreign-owned banks, Simor says * Simor says MNB at the time failed to get written permission from commercial banks for sharing data with IMF though MNB last year received these and commercial banks had no complaints * NOTE: Simor’s six-year term ends March 3 * NOTE: Hungary Audit Says Central Bank Violated Rules, Raising Tension NSN MI63BR6TTDSC <GO> * NOTE: Hungary Police Probe Central Bank Over Data Handling Complaint NSN MIKISU6S972V <GO>

  • Diary of Central Banker in Despair as Orban’s Hungary Defies EU

    Andras Simor is Hungary’s last man standing.

  • Matolcsy Strips Hungary Bank Deputies of Powers, MTI Says

    Gyorgy Matolcsy, Hungary’s new central bank president, moved to solidify his authority by stripping two vice presidents appointed by his predecessor of their areas of responsibility. The forint dropped.

  • Matolcsy to Focus on Growth, Inflation at Hungary Bank

    Gyorgy Matolcsy, the architect of Hungarian Prime Minister Viktor Orban’s self-styled unorthodox policies that helped push the economy into recession, vowed to focus on growth and fight inflation as central bank chief.

  • Hungary Cuts Main Rate to Record Low to Fight Recession

    Hungary’s central bank cut its main interest rate for a seventh month to a record low as policy makers vowed further monetary easing to fight a recession at President Andras Simor’s final meeting on borrowing costs.

  • Emerging Stocks Tumble to Two-Month Low on Europe Concern, China

    Emerging-market stocks slid to a two-month low and currencies weakened as Italy’s inconclusive election revived European debt concerns and investors speculated China will announce new property curbs.

  • Forint Gains First Time in Three Days on Matolcsy Bank Reports

    The forint gained for the first time in three days as the government signalled Economy Minister Gyorgy Matolcsy won’t become president of the central bank.

  • Hungary Yields Drop to Six-Week Low Before Central Bank Meeting

    Hungary’s 10-year bond yields dropped to the lowest in more six weeks on speculation central bank policy makers meeting tomorrow will extend half a year of consecutive interest rate cuts.

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