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MNI EXCLUSIVE

MNI Speaks With St. Louis Fed President Bullard

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HUNGARY

LOCAL NEWS

  • NBH outlines in an executive circular detailed guidelines for the classification of loans under the repayment moratorium that "strengthen banking system stability and will not endanger lending capacity."
  • says automatic reclassification of loans under the repayment moratorium as non-performing or restructured is unwarranted, as is related provisioning, if those loans have been in the moratorium for fewer than nine months before the measure's expiration on June 30 - Budapest Business Journal
  • Minimum wage to rise by 4% from Feb. 1. Monthly minimum wage for unskilled workers before tax will rise from 161,000 forints to 167,400, while skilled workers will receive 219,000 forints, up from 210,600
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