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HUNGARY: Economy Minister Nagy Says NBH Will Not Be Government Partner

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • "*HUNGARY CENTRAL BANK NOT BEING PARTNER OF THE GOVERNMENT: NAGY" (BBG)
  • ”*HUNGARY DOESN'T NEED ECONOMIC POLICY U-TURN, MINISTER NAGY SAYS” (BBG)
  • Headlines come amid ongoing weakness for the Forint today as markets continue to scrutinise the implications of the potential appointment of either Varga or Nagy as the next central bank governor.
  • They are slightly contradictory to Prime Minister Orban’s comments, who said the combination of the finance and economy portfolios will create the position of a “super-ministry.” EURHUF has dipped off session highs in most recent trade but remains +0.75% on the day.
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  • "*HUNGARY CENTRAL BANK NOT BEING PARTNER OF THE GOVERNMENT: NAGY" (BBG)
  • ”*HUNGARY DOESN'T NEED ECONOMIC POLICY U-TURN, MINISTER NAGY SAYS” (BBG)
  • Headlines come amid ongoing weakness for the Forint today as markets continue to scrutinise the implications of the potential appointment of either Varga or Nagy as the next central bank governor.
  • They are slightly contradictory to Prime Minister Orban’s comments, who said the combination of the finance and economy portfolios will create the position of a “super-ministry.” EURHUF has dipped off session highs in most recent trade but remains +0.75% on the day.