Matolcsy says cbank’s job is to defend Hungary against attacks

Budapest (MTI) – Besides preserving price and financial stability, the main job of the National Bank of Hungary (NBH) in 2015 will be to defend the Hungarian financial system against any attacks, the bank’s chief, György Matolcsy, told a parliamentary committee on Tuesday.

Matolcsy told the economic committee that in 2015 it could be expected that a third recession “crisis” in the European Union would make circumstances for Hungary more difficult.

He also said that cooperation between the central bank and the government had been successful, highlighting activities to solve the problem of foreign-currency loans and the conversion of these into forint ones.

Matolcsy said the NBH’s international reserves were high — and would remain high — allowing it to carry out its legal mandate and meet challenges.

Photo: MTI – Lajos Soos

Source: http://mtva.hu/hu/hungary-matters