mnb statement, 2010-07-19
The Monetary Council notes with regret that the completion of the review of Hungary’s existing credit line with the IMF and the EU has been postponed, as more time is needed for the Government to draw up a programme which is consistent with the approved Convergence Programme and the recommendations to correct the country’s excessive deficit, leads to a lasting improvement in fiscal sustainability and is based on structural measures.
Sentiment: neutral
Topic: fiscal_policy