Central Bank of Hungary (MNB)
Hungary introduces inflation targeting system
HUNGARY - The central bank council has approved that the National Bank of Hungary (MNB) operate a monetary system based on implicit inflation targeting, MNB president Zsigmond Jarai announced at a news conference 12 June.
Central bank to review monetary trends weekly
HUNGARY - The National Bank of Hungary (NBH) has said that its monetary committee will in the future review monetary trends and the operation of monetary policy tools on a weekly basis, on the first working day of a week.
Zsigmond Jarai optimistic on inflation target
HUNGARY - Dec 2000 year-on-year inflation could be 6-7%, Hungary's central bank governor Zsigmond Jarai said at an event of the Joint Venture Alliance, according to the daily Vilaggazdasag.
Hungary Jarai-wider euro/forint band in 12-18 mos
The Hungarian forint's trading band could be widened in 12 to 18 months, recently appointed central bank governor Zsigmond Jarai told business daily Vilaggazdasag in an interview published Mar 8, 2001.
Zsigmond Jarai appointed Hungary cbank governor
Inflation could be cut to 4-5% in Hungary within 2-3 years, Zsigmond Jarai said after being officially appointed as governor of the National Bank of Hungary before President Ferenc Madl in parliament on Feb 22, 2001.
Gyorgy Szapary appointed Hungary cbank vice-pres
Gyorgy Szapary was appointed to the post of National Bank of Hungary vice president for a term of six years by Hungarian president Ferenc Madl on Feb 21,2001.
Hungary's Suranyi says pay cuts against the law
A decision by then-finance minister Zsigmond Jarai to slash the bonuses of the leaders of the National Bank of Hungary (MNB) is a signal that Jarai's appointment as MNB governor will reduce the central bank's independence, outgoing governor Gyorgy…
Suranyi cites record of six years of econ growth
In his farewell speech on Feb. 8, 2001 National Bank of Hungary (NBH) president Gyorgy Suranyi emphasized the sustainable growth achieved in Hungary since 1996. Speaking at a press conference in Budapest, Mr Suranyi, whose term expires on March 1,…
Future Hungary c.bank head sets EMU roadmap
National Bank of Hungary (NBH) governor designate Zsigmond Jarai said on Feb 5., 2001, that Hungary must forge a path to join the euro zone, including two possible cuts in the monthly devaluation rate of the forint in 2001. "We should mark the route and…
Hungary fin min expects good teamwork with c.bank
The existing good working relations with incumbent Finance Minister Zsigmond Jarai will provide the basis for a good partnership between the Finance Ministry and the National Bank of Hungary in the future, Mihaly Varga told reporters on Dec 28.
Jarai named next MNB head - Varga to replace him
Finance minister Zsigmond Jarai was nominated to succeed Gyorgy Suranyi as president of the National Bank of Hungary last week, ending months of speculation. The Budapest Business Journal reports.
Hungary PM names new finance minister, c.bank head
Hungarian Premier Viktor Orban said on Wednesday he would appoint Mihaly Varga finance minister in place of Zsigmond Jarai, who would become central bank governor as of March 1.
Hungary forint regime may change, says minister
Hungary's foreign exchange regime, built around a 4.5% wide flotation band and a crawling peg devaluation, may change next year, finance minister designate Mihaly Varga said on Wednesday.
Hungary publishes 2001 monetary policy guidelines
The National Bank of Hungary (MNB) agrees with the government on the necessity and method of changing the country's current exchange rate system, but so far no agreement has been reached on a timetable for the change, according to the MNB's monetary…
Hungary cenbank council may become dysfunctional
The supervisory board of the National Bank of Hungary is concerned that the central bank council may become unable to function and make decisions after 20 February 2001, according to the daily Vilaggazdasag.