Hungary Central Bank Chief Says He Won’t Hinder Magyar Euro Plan

Hungary’s central bank governor, Mihaly Varga, gave a cautious endorsement of the government’s plan to join the euro, but warned careful preparation would be needed.

“The central bank will be a constructive partner” including by helping to keep inflation in check, he said at a conference in Budapest on Monday. Joining the European Union’s single currency would ultimately be a political decision by Prime Minister Peter Magyar’s new government, he said.