Ferenc Karvalits

Hungary Rate Cuts Hinge on Risk Amid Price Turnaround, MNB Says

Hungarian monetary easing hinges on “benign” market conditions as inflation is poised to decelerate further below target, the central bank said.

Hungary Raises Rate-Cut Threshold in Matolcsy Surprise

Hungary’s central bank tightened the conditions for monetary easing after cutting borrowing costs to a record low, signaling a cautious approach at new head Gyorgy Matolcsy’s first rate decision that boosted the forint.

Hungary Raises Rate-Cut Threshold in Matolcsy Surprise

Hungary’s central bank tightened the conditions for monetary easing after cutting borrowing costs to a record low, signaling a cautious approach at new head Gyorgy Matolcsy’s first rate decision that boosted the forint.

Hungary Set for Record Low Rates as Matolcsy Takes Over

Hungary’s central bank will probably lower its benchmark interest rate to a record low as investors focus on the possibility of new President Gyorgy Matolcsy deploying unconventional measures to end a recession.

Hungarian Inflation Was Slowest Since June 2006 on Energy Costs

Hungarian consumer prices rose at the slowest pace in almost seven years in February as the government cut household energy costs, making room for the central bank’s new management to lower interest rates further.

Hungary Inflation Was Probably Slowest in 19 Months on Energy

Hungarian consumer prices rose at the slowest pace in 19 months as the government cut household energy costs, strengthening the case for the central bank’s new management to press on with interest-rate reductions.

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.

Forint Plunges to Nine-Month Low on Central Bank Power Shift

The forint plunged the most in a week and Hungarian bond yields jumped on concern central bank President Gyorgy Matolcsy is concentrating power in a bid to reshape monetary policy making.

Hungary Can't `Meaningfully' Reduce Rates, Central Banker Karvalits Says

The Hungarian central bank has no room to “meaningfully” reduce interest rates as a cut may weaken the forint, increasing the burden of households with foreign- currency loans, a central bank official said.

Hungary Rate Cut Outlook Extends Bond Rally: Budapest Mover

Yields on short-term Hungarian government bonds fell on mounting speculation the central bank will keep cutting interest rates to counter recession.

"The currency would presumably weaken as a result and the rise in foreign-currency repayments would curb the economic recovery and endanger fiscal stability."

- Ferenc Karvalits on Oct 25, 2010

Hungary

Viktor Orban

Gyorgy Matolcsy

AP Twitter Account Hacking Exposes Social Media Weakness

Copper Rises With Gold as Yen Weakens; Stocks Pare Gains

European Stocks Advance for Fourth Day as Miner Rally

China Plans New Generation of Carriers as Sea Disputes Grow

Asian Stocks Climb as Japanese Exporters Gain on Yen