Hungary’s Matolcsy calls economic situation ‘near-critical’
Governor blames government as inflation expected to be highest in EU
Hungary is on the brink of “crisis” and economically one of the “most vulnerable” countries in the world, its central bank governor said on December 5, blaming policy mistakes by Viktor Orbán’s government.
Central Bank of Hungary governor György Matolcsy said next year the country’s inflation will be the highest among European Union member states at around 15–18%. He said fuel price caps are causing 3–4% of inflation. “All price caps should be phased out immediately,” he said, according to a
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