Inflation & Prices
Orban’s Rift With Central Bank Widens in New Risk in Hungary
- Central bank governor slams Premier for ‘strategic mistakes’
- Matolcsy takes aim at Orban over spending, state intervention
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Hungary’s central bank Governor skewered Prime Minister Viktor Orban for a series of “strategic mistakes,” adopting unusually blunt criticism for the powerful premier over spending and state intervention. The forint fell.
Governor Gyorgy Matolcsy, once a close adviser to Orban on economic policy, told lawmakers in Budapest that there was “principled opposition” now between the central bank and government, underscoring a widening rift.