Janos Samu

Hungary to Tap Central Bank Currency Reserves in Growth Plan

Hungary’s central bank will start a 500 billion-forint ($2.1 billion) program to boost lending to help end a recession and plans to use foreign-currency reserves to cut the country’s short-term external debt. The forint rose.

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 Central Bank Should Consider Bond Purchases, Varga Says

Hungary’s central bank should consider a more active role in the secondary bond market as the country is still undergoing a period of economic crisis, Economy Minister Mihaly Varga said.

Hungary, Czech Industrial Output Growth Accelerates, Bolstering Recovery

Hungarian and Czech industrial- output rose more than economists estimated in November on increased demand for the countries’ exports, indicating eastern Europe’s economic recovery may accelerate.

Matolcsy Charm Shows Aim for Hungary Central Bank, Standard Says

Hungarian Economy Minister Gyorgy Matolcsy ruling out “shock therapy” by monetary policy makers shows his ambition to be the country’s next central bank chief, said Tim Ash, an economist at Standard Bank Group Ltd.

Hungary Raises $3.25 Billion in Bond Sale Replacing IMF

Hungary raised $3.25 billion in its first sale of foreign bonds in 21 months, returning to the debt market after Prime Minister Viktor Orban abandoned a quest for International Monetary Fund support.

Orban, Free of Electoral Pressure, to Focus on Hungary Budget

Hungarian Prime Minister Viktor Orban swept local balloting yesterday, freeing him from electoral pressures until 2014. Now he can turn his attention to budget concern that has put the country’s credit-rating at risk.

Hungarian June Industrial Output Grows on Increasing Demand for Exports

Hungary’s industrial output rose for a sixth month in June as rising export demand helped the country exit from its worst recession since 1991.

Hungary Won't Cut Main Interest Rate Again `Any Time Soon,' Analysts Say

Hungary’s central bank won’t return to cutting interest rates “any time soon” because of the nation’s increasing risk premium and inflation outlook, said analysts at 4Cast Ltd., Erste Group Bank AG, Concorde Securities and Citigroup Inc.

"The program is indeed limited in its scope and in its impact on the foreign-currency reserves."

- Janos Samu on Apr 04, 2013

Hungary

London

Viktor Orban

Gyorgy Matolcsy

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